The dollar rises in price against world currencies after the release of statistics


The value of the dollar rises against major world currencies on Friday evening, including against the euro and the yen, according to trading data. Markets evaluate strong statistics on the US labor market.

As of 17.21 Moscow time, the euro against the dollar fell to 1.1 dollars from the previous close of 1.1011 dollars, the dollar against the yen rose to 134.81 yen from 134.27 yen. And the dollar index (the exchange rate against a basket of currencies of six countries – US trading partners) grew by 0.17%, to 101.57 points.

Before the opening of trading was published macroeconomic statistics on unemployment in the US last month. According to official data, unemployment unexpectedly fell to 3.4% in April from the level of 3.5% in March, analysts expected a rise to 3.6%. And the number of people employed in non-agricultural sectors of the economy increased by 253 thousand instead of the expected 180 thousand. Strong statistics supported the value of the US currency.

Statistics is one of the most important indicators for the US Federal Reserve System (FRS) when making decisions on monetary policy. Now, according to the CME Group, 97.2% of analysts expect the Fed rate to remain at 5-5.25% per annum in June, the remaining 2.8% still allow its increase by 25 basis points.

Holding back the euro negative statistics on the euro area. Thus, retail sales in the euro area in March fell by 1.2% compared to February, although only a slight decrease of 0.1% was expected. On an annualized basis, retail sales in the euro area decreased by 3.8% in March. Analysts had expected a decline of 3.1%.

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