04.09.2015 - Unemployment in the US fell in August

Unemployment in the US fell to its lowest level since 2008, according to a report published today. Thus, the figure had fallen to 5.1%, which is 0.1% better than analysts' expectations. At the same time, the number of non-farm payrolls increased by 173 thousand, compared with an expected 215 thousand. Average hourly wages rose in August by 0.3%, which is better than expected by 0.2%. Given the controversial statistics on the US labor market and low inflation, we expect saving of the parameters of monetary policy of the Fed in September, which will weaken the dollar for a short period. We maintain a medium-term negative outlook for the euro in relation to the expectation of the Fed raising interest rates before the end of the year.

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