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*Canadian Dollar At 3-month High Of 1.3393 Versus U.S. Dollar After Jobs Data

Canadian Dollar At 3-month High Of 1.3393 Versus U.S. Dollar After Jobs Data The material has been provided by InstaForex Company – www.instaforex.com…

Labor Department Report Shows Unexpected Rebound In U.S. Employment

A closely watched report released by the Labor Department on Friday claimed employment in the U.S. unexpectedly showed a substantial rebound in the month of May. The Labor Department said non-farm payroll employment jumped by 2.51 million jobs in May after plummeting by a revised 20.69 million jobs in April. The rebound in employment came as a shock to economists, who had expected the loss of another 8.0 million jobs following the nosedive of 20.5 million jobs originally reported for the previous month. With the unexpected rebound in employment, the Labor Department said the unemployment rate dropped to 13.3 percent in May from 14.7 percent in April. Economists had expected the unemployment rate to surge up to 19.8 percent. The material has been provided by InstaForex Company – www.instaforex.com…

*Dollar Climbs To Over 2-month High Of 109.66 Against Yen After Jobs Data

Dollar Climbs To Over 2-month High Of 109.66 Against Yen After Jobs Data The material has been provided by InstaForex Company – www.instaforex.com…

Loonie Advances Further After Canada Jobs Data

Following the release of Canada jobs data for May at 8:30 am ET Friday, the loonie climbed further against its major counterparts. The loonie was trading at 81.71 against the yen, 0.9364 against the aussie, 1.3405 against the greenback and 1.5166 against the euro around 8:33 am ET. The material has been provided by InstaForex Company – www.instaforex.com…

Dollar Spikes Up Following U.S. Jobs Data

After the release of U.S. jobs data for May at 8:30 am ET Friday, the greenback advanced against its major counterparts. The greenback was trading at 109.61 against the yen, 0.9619 against the franc, 1.2639 against the pound and 1.1299 against the euro around 8:34 am ET. The material has been provided by InstaForex Company – www.instaforex.com…

Italy Retail Sales Fall In April

Italy’s retail sales declined at a softer pace in April amid the Covid-19 outbreak, data from the statistical office ISTAT showed on Friday. The retail sales value fell a seasonally adjusted 10.5 percent month-on-month in April, following a 21.3 percent decline in March. Sales of non-foods declined 24.0 percent monthly in April and food sales rose 0.6 percent. On an annual basis, retail sales fell 26.3 percent in April, following an 18.9 percent decrease in the previous month. Online sales grew 27.1 percent year-on-year. In volume terms, retail sales fell 11.4 percent monthly in April, following a 22.1 percent decrease in the prior month. On a yearly basis, the retail sales volume decreased 28.1 percent in April, following a 20.0 percent fall in the preceding month. The material has been provided by InstaForex Company – www.instaforex.com…