English• Dollar rose significantly against the Euro and Yen
• Analysts expect the Fed to raise the interest rate
The American currency last week registered the largest rise this year against the Euro, following the unexpected drop in unemployment in the United States. Under the circumstances, traders are betting that the Federal Reserve (Fed), will raise interest rates at its December 16th reunion.
On Friday, the dollar was quoted at 1.4858 units/Euro, in New York, up 0.9% over the end of last week, when it was quoted at 1.4988 units/Euro.
At the same time, the dollar posted the largest weekly gain in the last ten years against the Japanese Yen. The dollar was quoted at 90.56 yen, up 4.7% over the end of the previous week. This is the largest weekly gain for the dollar since February 19, 1999.
According to data published on Monday, by the US Labor Department, American employers have shed 11,000 jobs in November, the lowest number since the onset of the recession. Economists were expecting a drop in unemployment of 125,000 jobs in the US in November. The unemployment rate dropped to 10% in November, down from 10.2% in October.
Analysts feel that labor market numbers "clearly show" that the Fed will raise interest rates, which will cause the dollar to appreciate.
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
