US unemployment up
US dollar exchange rates rose today on the back of risk aversion after the official unemployment rate rose to 9.5% in the world's largest economy. Also released today in the US are average hourly earnings which have remained flat for June, and non-farm payroll figures which declined sharply in June.
The figures were released a day early as markets in the US are closed for Independence day on Friday. The bearish results prompted a decline in Wall Street stocks and the US dollar exchange rates rose as investors favoured risk aversion.
The US dollar exchange rates are currently at 0.7140 against the euro and 0.6100 against the pound.
The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.