05.06.2015 - Unemployment in the US rose by 0.1% to 5.5%

Today was published important statistics on the US labor market. Thus, the number of new jobs outside the agricultural sector in May grew by 280, but the unemployment rate rose by 0.1% to 5.5%. These statistics indicates a steady growth of employment in the country and soon, the unemployment rate may reach natural levels of 4.5-5.0%. This fact increases the probability of the Fed raising interest rates this year, that will support the American dollar’s quotation and lead to the fall of the euro. We maintain a medium-term negative outlook on the euro and recommend holding short positions with a stop above 1.1500 and targets at around 1.0500.

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