US dollar is stable against Euro and Yen

07.08.2015

The US dollar has little changed against the euro and yen; on morning, August 7, for a euro they gave $ 1.0918 compared with $ 1.0925 at the end of North American trading from Thursday.

The yen this time fell slightly to 124.79 yen per dollar from 124.74 yen per dollar the previous day. The cost of the Japanese national currency against the euro is also stable: 136.25 yen against 136.28 yen on 6 August.

The dollar spot index of Bloomberg, calculated relatively to 10 major world currencies, since the beginning of the week rose 0.6%.

Investors expect the publication of data on the situation of US labor market in July, reports Bloomberg. The official data of Ministry of Labor will be announced later on Friday. It is expected that the increase in jobs in July amounted to 225 000, against 223 000 in June, and the unemployment rate remained at 5.3%.

The Federal Reserve (Fed) is closely monitoring these data when making decisions with regards to monetary policy. Most analysts believe that the base rate of the country will be raised until the end of the year, and many expect from the Fed of such a move even in September.

"Market participants are concerned that employment growth will be weaker than expected, but any negative reaction will be muted, since before the next Fed meeting there will also be a report for August," - said an analyst at Daiwa Securities, Yuji Kameoka.

In addition, on Friday it became known that the Bank of Japan, based on the August meeting, decided to keep the course of monetary policy. According to a statement following the meeting, the Central Bank keeps benchmark to increase the monetary base by 80 trillion yen ($ 640 billion) a year.

Meanwhile, the euro went down against the British pound. The pair EUR/ GBP lost 0.09% to reach the level of 0.7035.

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