Video Related To: $A higher on weak US jobs
Source: Sydney Morning Herald
Monday, the Australian dollar was trading at 103.97 US cents, up from 103.23 US cents on Friday. The US dollar slumped over the weekend, after crucial non-farm payrolls data showed...
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Xstrata Coal, BHP Billiton, Xstrata PLC, Australia Bureau of Statistics, Spain, Madrid, Business Finance, Xstrata, Coal companies of Australia, mining, coal
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Spain, Italy, And A Weak ADP Report, The Dam Is Breaking
The global markets opened up again after being mostly closed yesterday. Today, the stock markets in Spain (-3.25%), and Italy (-2.66%) are trading sharply lower. This decline in Europe has caused the US Dollar Index futures (DX-M2) to move higher. As we should all know by now, when the US Dollar Index is trading higher the major stock indexes will deflate and trade lower. Earlier today, the ADP job report was released, the number reported was 119000 private sector jobs were added for the month of April. This number was below analysts expectations of 175000 jobs added for the month of April. Traders and investors will now have to keep a close eye on the US Dollar Index throughout the rest of the trading session as a falling dollar is usually the only the markets recover from these weak trading sessions.
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