Thursday, July 2, 2009

UBS: inconsistency of data on employment forecasts will affect the dollar

According to analysts of UBS, if today's data on the level of employment is not with the agricultural sector, the U.S. will be different from the forecasts of analysts at least by 10-20%, it will have an impact on the American currency. If data will be worse than expectations, a positive impact on bonds and the U.S. dollar and negative - on the shares. If the unemployment rate would be better than expectations, this will improve market sentiment, and thus adversely affect the dollar, except for a pair of dollar / yen. The pair dollar / yen is at a level of 96.77.

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