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Friday, March 8, 2013

High dollar higher wages


The dollar rose against the yen on Friday for the highest value of four years ago, after rising wages in non-agricultural occupations with high expectations and low unemployment rates.

And the dollar's rise came along with rising us stock indices and early results of the u.s. economic recovery as an indicator of the beginning of the rise of the u.s. dollar and emerging from a situation of vulnerability.

Now, said Ruskin, a currency expert with Deutsche Bank in New York (Deutsche Bank) these statements affected some large currents, such as stream selling yen and the pound sterling. And the fruits of these data are at least out of the quantitative easing programme fruitful than will US dollar strength.

And a no index (ICE index), which measures the dollar against a basket of six currencies, to 82, 900 today, level 28, 090 late Tuesday, and at 82, 763 in early deals.

And the report of the United States Department of labor that was creating 236,000 new jobs in February, and the unemployment rate dropped to 7.7% and this is the least since neutrophils December 2008. And was expected to come in numbers to increase workers ' wages in non-agricultural occupations of 160,000, and the unemployment rate is 7 
percent, according to Reuters forecasts and market watch.
Source: market watch (Los Angeles)

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