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Non Farm Weakness Has Led QE To Rekindle &Nbsp; The US Dollar Index Has Fallen Below The 80 Threshold.

2012/4/8 21:21:00 24

Non Farm EmploymentUS DollarForeign Exchange

According to the Wall Street journal, the dollar fell to its lowest level in nearly a month on Friday in New York's foreign exchange market. The disappointing US non farm payrolls data have raised doubts about the US economic recovery.


The electronic trading system shows that New York's foreign exchange market ended late Friday, and the euro was 1.3088 dollars, and it was 1.3065 dollars late Thursday.

The US dollar traded at 81.66 yen and ended on Thursday at 82.20 yen.

The euro was 106.60 yen, and it was trading at 107.55 yen on Thursday.

The US dollar was 0.9165 Swiss francs and 0.9195 Swiss francs on Thursday.


The ICE US dollar index was 79.839, and it was 80.076 at the end of Thursday.


Data released on Friday showed the United States in March.

Non farm employment

The number of people increased by 120000, about half the number of new arrivals in February, far below most analysts' expectations.

Investors faced a negative reaction to employment data on Friday, due to a slack market in the US and Europe.


At the moment, traders are optimistic about the optimistic expectation that the Federal Reserve Fed will not launch the third round of quantitative easing policy.

But worse than expected employment figures again sparked speculation about Fed or buying more bonds.

Some analysts say the disappointing employment figures show that the recent cautious view of Fed Ben Ben's recovery on the job market is correct.


Nick Bennenbroek, head of monetary policy at Wells Fargo in New York, said the new jobs figures clearly match Bernanke's remarks.


He said that after the release of the employment data, investors may again focus their attention on whether Fed will launch the third round of easing policy. However, due to the slack trading in the holiday market, it is not until next week that the market reaction can be judged.


As traders buy bonds and seek refuge, they push them down.

Rate of return

The dollar fell sharply against the yen and fell to its lowest level since March 8th.

The US dollar is more sensitive to the spread of the US dollar and Japan than the yen, and the narrowing of spreads usually inhibits US dollar demand.


and

dollar

Any temporary fall will probably be limited by the rekindling of the European debt crisis.

Spanish investors were deeply concerned about Spain's ability to reduce its budget deficit, and Spanish bond yields rose sharply, negatively affecting Italy's bond market and weakening the euro.


The euro fell nearly 3.5 cents from high points this week, as investors reappeared concerns about the European debt crisis.

The euro rebounded slightly on Friday, recovering some of the lost territory this week, but still down more than 2% from last week.

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