NFP Falls Much Less Than Expected
NFP Falls Much Less Than Expected US May nonfarm payroll declined by 345K, the market had expected a decline of 520K. This marks the smallest decline in US nonfarm payrolls since September 2008 and was half the average monthly decline for the prior six months. The government also revised April and March nonfarm […]
Dollar Falls Versus The Euro On Credit Concerns And Investors Risk Appetite
Dollar Falls Versus The Euro On Credit Concerns And Investors Risk Appetite
The dollar declined the euro and weakened versus the yen on speculation the U.S. may lose its AAA credit rating. The yen rose to a nine-week high versus the dollar after Japan’s Finance Minister Kaoru Yosano said the government won’t intervene in the […]
The Libor Rate Falls Below 1%, A Record Low
The Libor Rate Falls Below 1%, A Record Low
The three month dollar Libor rate fell to 0.99% this morning, breaking, for the first time, below the 1% benchmark rate. Libor or London Interbank Offered Rate tracks the interest rate at which banks borrow unsecured funds from the money markets. Currently, it is estimated that roughly […]