Home » Euro to Dollar News » Euro To Dollar – Fundamental News Items 11th June 2009

Euro To Dollar – Fundamental News Items 11th June 2009

Today’s items of fundamental news on the economic calendar for the euro dollar started with the French non farm payroll figures which came in worse than expected at -1.2% against a forecast of -0.9% indicating that French companies are laid off a higher number of workers in the first quarter of 2009.  The original estimate for a decline of 138k whereas the actual figure came in at 192k or 1.2% of the workforce – data confirming the worst recession in France since WWII as Europe’s second largest economy continues to suffer.   This was followed later in the morning by the ECB monthly bulletin which provides information used by the Bank for making their interest rate decisions.  There were no surprises here.

This afternoon the focus moves to the US where we have 3 key pieces of fundamental news – actual figures as opposed to sentiment indicators.  The first of these is core retail sales coupled with retail sales and finally the weekly unemployment claims of which the last is probably the most significant.  The forecast for the unemployment is an increase of 614k which represents the number of people filing for unemployment  insurance during the previous week whilst the retail sales and core retail sales are forecast at 0.4% and 0.2% respectively and, if correct would show a positive and mildly bullish view of the retail market.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.