Market Overview

Currency Snapshot

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Currency Snapshot

For Wednesday, the dollar declined in comparison to the euro, but has an edge on most other currencies. The fall of the dollar on the euro is due to a report indicating a lower than anticipated number of job gains.

Unfortunately, unemployment rates within the U.S. are still incredibly high, directly influencing consumer and market confidence. Friday, the Labor Department will release information regarding unemployment for the month of June. A positive report could boost the economy, while a negative report could continue with the unstable economy.

Fingers are crossed as we await the report.

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Posted-In: labor departmentGlobal Economics

 

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