Dollar Slightly Weaker After Mixed January Jobs Report


08/02/2014 08:51 AST

The dollar is losing ground against its major European competitors on Friday and is paring its gains against the Japanese Yen. The U.S. jobs report for January demonstrated weaker than expected growth in employment, but the unemployment rate unexpectedly declined. Many investors believe the Fed will be able to continue to wind down its asset purchases.

U.S. job growth accelerated in the month of January compared to the anemic growth seen in December, according to a report released by the Labor Department on Friday, although the pace of growth still fell well short of economist estimates.

The report said non-farm payroll employment increased by 113,000 jobs in January following a slightly upwardly revised increase of 75,000 jobs in December. Economists had been expecting employment to climb by about 180,000 jobs compared to the addition of 74,000 jobs originally reported for the previous month.

For more on this Click Here

RTT News
Forex News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 142.2 172,641
AMLAK 1.12 15,711,314
GFH 0.58
DEYAAR 0.53 5,233,540
ALMARAI 81 12,890
BKMB 0.36 6,998,991
SABIC 100.2 291,078
Recent News

European stocks riding high in early trade
Strength among commodity firms and banking stocks as well as a string of solid updates boosted European shares in early deals on Tuesday.

Earnings season remains front and centre for equit

'UAE Week' planned in Japan in Q1 2018
Plans are under way to organise a ‘UAE Week’ in Japan during the first quarter of 2018, participated by officials from the public and private sectors, it was revealed today.

The announceme

Saudi Arabia has set precedence with its VAT legislation,UAE needs
You may recall that I once described the GCC framework as the master plan and the value added tax (VAT) law as the building regulations for a six-site residential compound. Each country's VAT law rep

Sterling steadies near one-week high above $1.30
Sterling steadied close to a one-week high just above $1.30 on Tuesday, with hopes for increasing political stability and an upbeat business survey lending support to the currency.

Data s

$1bn Bahrain medical city project makes headway
Bahrain's Ministry of Works, Municipalities Affairs and Urban Planning will be carrying out the infrastructure works for the $1-billion King Abdullah Medical City, a massive healthcare project coming

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?