FRANKFURT (AFX) – The euro fell on Friday before the release of US labor market report. At midday trade, the single currency cost 1.1160 US dollars. During the night he had
even temporarily traded above the mark of 1.12 dollars. The European Central Bank (ECB) has had the reference rate on Thursday to $ 1.1153
set.
In the afternoon, the US government will report on the development of employment. On the market is once again the resilience of the labor market
expected.
The labor market data are a particular focus of the financial markets, as they are considered important guideline for future monetary policy in the US. According to Commerzbank, however, shows the recent shift in the interest rate decision that a robust employment report not automatically lead to
