The US Dollar strengthened against the major currencies

12.05.2015

On Monday, the dollar was traded higher against the basket of major currencies, as the employment data in the United States, published on Friday, continued to support the US currency, while the expected quiet trading session has not planned any release of meaningful data of United States.

The dollar gained support after the Labor Department reported on Friday that the number of people employed in the non-agricultural sector of the US grew in April at 223,000, only slightly short of the expected 224000. The unemployment rate fell last month from 5.5% to 5.4%, the lowest level since May 2008.

At the same time, the March figure was revised to just 85,000, the lowest level since June 2012.

The USD index, which shows the relationship of the dollar with the set of the major currencies, went up 0.36% to 95.24.

The EUR/USD fell 0.50% to 1.1143.

The disposition for the European currency remains fragile, as Greece and the Eurogroup should hold a new round of talks, but Athens still hopes for an agreement on a package of economic reforms, necessary for the extension of financial assistance and to prevent a liquidity crisis. On the eve of the talks, the Greek Government pointed out that there is still hope for progress in the talks, but the representatives of the euro zone pointed to the large number of unsolved issues that exist at this stage. On Tuesday, Greece must pay off the debt to the International Monetary Fund in the amount of 770 million euro.

The pair GBP/USD rose 0.22% to 1.5490.

Earlier, on Monday, the Bank of England said that it kept the interest rate unchanged at 0.50%, where it is held from March 2009, which was an expected decision, and also left the scope of the program of asset purchases financed by central bank reserves at the level of 375 billion pounds.

On Friday, the pound jumped to two-month maximum after the Conservative Party Prime Minister David Cameron has demonstrated a landslide victory in parliamentary elections in Great Britain.

The dollar rose against the yen and Swiss franc. The USD/JPY pair rose 0.13% to 119.94 and the pair USD/CHF rose 0.44% to 0.9338.

The Australian and New Zealand dollar showed a decline - the pair AUD/NZD fell 0.45% to 0.7894 and the pair NZD/USD fell 1.63% to 0.7372.

Earlier Monday, the National Bank of Australia reported that over the past three months the index of business confidence remained unchanged.

Meanwhile, the pair USD/CAD went up 0.36% to 1.2115.

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