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Low interest rates were thrown a lifeline on Friday after US non-farm payrolls rose sharply lower than expected and the jobless rate remained stubbornly at 4. The rise in non-farm payrolls landed at , in March versus a forecast of , However, confusing the issue, February was revised up to , from , The earlier February tally was already the highest since July The March jobless rate remained stuck at a year low of 4.
Whispers had indicated the figure could slip from previous forecasts, even as stronger ADP data earlier in the week had caused some economists to chalk higher their forecasts. LiveSquawk — Continue Reading. Sterling forecasts are at their highest since Britons voted to leave the European Union, a Reuters poll found, partly as a result of optimism driven by progress in divorce talks and expectations of another interest rate rise next month.
But the main reason behind the move is more related to the outlook for the currency that sterling is quoted against, the U. Reuters — Continue Reading. The Middle East is emerging as a potential beneficiary of the brewing trade war between the U.
If China goes ahead with its proposal to slap a 25 percent tariff on polyethylene and liquid propane, which were among American goods targeted, buyers in the Asian nation may look elsewhere for alternatives to pricier U. And the energy-rich Middle East with plenty of petrochemical supplies looks well-suited to meet the substitution requirements.
China may need to replace 2. But purchases from the U. Bloomberg — Continue Reading. FxPro is a leading online broker with offices in the UK and Cyprus. FxPro remains focused on providing clients with professional trading conditions, advocating the adoption of fair and transparent trading practices across the industry.
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