| Market’s daily review |
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15:17 05/08/2006 |
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At Friday tenders the American currency slumped against the basic currencies. The reason of decrease in a dollar exchange rate became the publication of data of the US labour market survey, in particular, lower value of nonfarm payrolls. Thus, the American currency dipped almost 90 points against the European currency. However the further growth of the euro rate against the dollar constrains a little higher value of average hourly earnings index in the USA. On Friday the US Department of Labor informed that nonfarm payrolls in the USA in April was up 138000, and the unemployment rate did not change and made 4,7 %. Growth of employment in April was below analysts’ forecasts, who expected increase in nonfarm payrolls of 190000. The previous value was revised from 211000 to 200000. The parameter reached a minimum level since October of the last year. The nonfarm payrolls for two last months reduced 36000as a whole. According to the published data, the hourly payment in April grew 3,8 % in comparison with April, 2005. Annual growth of this parameter became the most significant since August, 2001. The consumer credit in the USA made +2.5 billion dollars for March at the forecast +1.0 billion dollars. The previous value made +3.3 billion dollars. The reserve bank of Australia, RBA, declared on Friday, on May, 5th that according to its expectations, increase of the rate on May, 3rd is enough to constrain acceleration of inflation. Thus, Reserve Bank of Australia left the forecast of net inflation constant at a level of 2.75 %. It informs that economic growth will accelerate rates between 3 % and 3.5 % this and next year. Economists have regarded the statement of the Central Bank as the indication that in the near future the rate increase of not repeat. |
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