PERSPECTIVES FOR THE WEEK 06-10 APRIL

The dollar retreated against the major currencies on Friday 4/3/2015 after unexpected disclosure of the weak US employment index. The American economy added 126,000 new jobs in March, less than half of February and the lowest index since December 2013. Economists had forecast job growth of 245,000 last month.

The surprisingly weak report has raised concerns about the prospects for economic growth and experts point to a slowdown from now.

The EUR / USD quotation reached 1.0970, up 0.83% on the day.

USD / JPY fell to 118.95, down 0.63%.

The dollar’s fall was also fueled by the Easter holiday. Most of the markets in Europe were closed and the North American markets traded in part.

Next week, many markets will remain closed on Monday, but Spain will release its monthly unemployment report. On Tuesday, April 7, the Central Bank of Australia will announce its interest rate and publish its statement on economic conditions and factors that affect the monetary policy decision. Australia will also release data on retail sales. The Bank of Japan will also announce its interest rate and there will be a press conference closely monitored after the announcement of the rate. On Thursday, it is the Bank of England’s turn to announce its interest rate. On Friday 10/04 China will announce publication of data on both consumer and producer price inflation. The United Kingdom is to release data on industrial production and manufacturing. Canada will release its monthly employment report.