Jobs data spark metals rally

BY

Metals futures rallied broadly Friday, with traders taking their cue from weakness in the U.S. dollar tied to a slowdown in U.S. employment growth.

Nonfarm payrolls expanded by a lower-than-expected 113,000 in July, raising the odds that the Federal Reserve won't have to raise U.S. interest rates again when the central bank's policymakers convene next week. The dollar weakened markedly against the euro and Japan's yen on the heels of the data.

雷文

BY  在 2006-8-4 09:38 PM 發表:

Metals futures rallied broadly Friday, with traders taking their cue from weakness in the U.S. dollar tied to a slowdown in U.S. employment growth.

Nonfarm payrolls expanded by a lower-than-expected 113,000 in July, raising the odds that the Federal Reserve won't have to raise U.S. interest rates again when the central bank's policymakers convene next week. The dollar weakened markedly against the euro and Japan's yen on the heels of the data.

由於疲弱的美國就業數據及美元下跌，週五貴金屬得到提振作用。

非農數據11萬3千人，減弱美國下週加息的機率，歐元及日元升上全日高位!