Wednesday, May 6, 2009

RBS: record levels of employment triggered a wave of optimism

Yen declines against the backdrop of better than expected report issued by the level of employment in the private sector. The fact that the projections are not met, the markets triggered a wave of optimism about the record levels of employment for the payroll in the not-from agricultural sector (a broad indicator of growth, which is the focus of market participants), which comes out Friday. According to analysts RBS, ADP employment data reinforce the impression that the worst job markets already behind us. Morning on the stock exchange in New York, a pair of dollar / yen traded at 98.99 - a pair of slightly decreased from a sessional maximum of 99.08. On Tuesday the dollar / yen traded at around 98.96. The pair euro / yen was at 132.18, which is also below the session peak 132.34. On Tuesday, the euro / yen traded at 131.89.

No comments:

Post a Comment