cler_99
05-05-2005, 10:00 PM
The Friday US employment report has been stronger than anticipated with a 274,000 growth in payrolls for April while the unemployment rate held in 5.2percent. The workweek increased and there were revisions to the preceding months' data. There was also a 5 cents increase in earnings. The report will relieve fears that are immediate and the salary growth will make certain that the Fed continues to tighten policy. This should facilitate the immediate danger of continuing dollar weakness, but immunity remains inclined to be demanding around 1.2830/50 from the Euro.
Analysis provided by http://www.fxtoday.co.uk
Analysis provided by http://www.fxtoday.co.uk