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Beijing (January 6) U.S. Department of Labor announced the unemployment rate in December and U.S. non-farm payrolls number. Both usher in positive data for the latest U.S. economic recovery and strong evidence. Same time Fed officials have hinted further quantitative easing to boost the real estate market. Contrast appeared in the euro-zone countries position. Focus to the European market once again focused on the debt issue. Zhou Wuhui Fitch Ratings cut Hungary, Portugal will face the back of lower credit rating risk. Safe-haven assets on concern will lead to further strength. Hedge funds are actively into U.S. dollar assets and bond markets. U.S. real economy will be more attracted the attention of global investors. Refers to the United States is expected to continue up the main medium-term. Instead, the euro medium-term behavior of the following main. Investors should be maintained along the idea of appropriate market transactions.
U.S. Labor Department data released Friday showed U.S. non-farm employment growth in December, 20.0 million people, is expected to increase 15.0 million; non-farm payrolls in November after a revised increase of 5.0 million, up 12.0 million for the initial value. Further lower the U.S. unemployment rate in December fell to 8.5%, expected 8.7%; revised in November to 8.7%, the initial value of 8.6%. Record since February 2009, the lowest level.
United States New York Fed President Dudley on Friday (January 6) that the U.S. economic recovery “frustratingly slow”, the Federal Reserve (FED) must continue to evaluate the need to introduce more stimulus measures. He said that in order to assess the housing benefit and to provide additional easing is appropriate, more housing-related policy interventions are expected to help stabilize prices and improve the prospects and accelerate its recovery. Monetary policy and housing policy more components are complementary, not substitutes for one another, other than monetary policy intervention in the housing market will support growth, so that monetary policy more effective.
International rating agency Fitch on Friday (January 6) announced Hungary’s sovereign rating lowered to BB, while maintaining a negative outlook. Said the country’s fiscal position, external financing conditions and growth prospects deteriorate further.
Fitch Ratings director, said that if Hungary unable to reach an appropriate agreement with the IMF timely manner, or to further cut its rating. Moreover, even if Hungary reached an agreement with international lenders, the Government’s ability to comply with strict conditions still have questions.
Foreign exchange market on Friday, the United States refers to the sharply again on the red, the euro fell sharply. Pooled investment strategist Mi Hang Dong that, better than expected non-farm payrolls and the unemployment rate further down. Further confirms the fact that the U.S. economic recovery. Fitch Ratings cut to make Europe the Hungarian debt problem worse. Uncertainty within the euro area factors, but also investors in the European debt problems very worried. In this case, select the market consensus of U.S. dollar assets. United States refers to the main medium-term will continue to rise. Euro medium-term decline that will continue. Investors are advised to continue to focus on the euro selling opportunity.
- Published by admin in: Forex News
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