FX.co ★ Euro falls on unemployment rate drop in US

According to the report of the US Department of Labor, the number of vacancies grew by 295,000. On average, economists expected a rise of 235,000. In January 2015, revised data showed that the number of jobs advanced by 239,000 against 257,000 announced earlier.
Economists anticipated a decline in unemployment to 5.7%, but the county’s jobless rate in February decreased to 5.5% from 5.7%. Hourly wages climbed by 2% on a yearly basis. Month-on-month, the figure inched up by 0.1%.
The publication of the US Department of Labor confirms that foreign trade balance deficit declined to $41.8 billion in January 2015. The revised statistics reflects that foreign trade balance deficit in December 2014 amounted to $45.6 billion.
On Moscow Exchange the euro slid to 65 rubles following a tumble below the price of $1.09 on the forex market. This is a fresh 12-year low.
The decline of the single European currency took place after the release of the report on the US labor market. This also caused a cut in the euro’s value in the pair with the ruble.