The euro fell this Friday against the dollar, after the publication of figures on employment and industrial activity in the United States.
At 6:05 p.m. (Lisbon time), the euro was still trading at $1.0841, when on Thursday almost at the same time it was trading at $1.0864.
The European Central Bank (ECB) set the euro exchange rate at $1.0885.
The day was marked by employment data in the US, with official statistics indicating that job creation slowed sharply in October, to just 12,000 jobs, well below analyst estimates (which point to around 100,000) and far from the 223,000 jobs in September.
Economists estimate that hurricanes Helene and Milton, combined with strikes at Boeing and other companies, negatively impacted net employment growth by tens of thousands of jobs last month. The unemployment rate remained at 4.1%.
Also released today was the S&P Global US Manufacturing Purchasing Managers’ Index (PMI) for October, confirming that the index is still contracting, but at the slowest pace in three months: 47 .3 in September to 48.5 in October.
The PMI for the United States industrial sector prepared by the Institute for Supply Management (ISM) fell from 47.2 in September to 46.5 in October, according to an ISM statement released today.
This information has been made public just four days before the US presidential elections on the 5th, which will pit Democrat Kamala Harris against Republican Donald Trump and which could also affect the value of the dollar.
Furthermore, they come at the end of a week in which it was learned that inflation in the euro zone rose three tenths in October, up to 2%, while the price index of personal consumption expenditures (PCE), the measure preferred by The Federal Reserve (FED), to follow the evolution of prices, fell two tenths in September, to 2.1%.
Currency…………..today…………..Thursday
Euro/dollar……..1.0841………………1.0864
Euro/pound……..0.83819………….0.84401
Euro/yen………165.76………………165.27
Dollar/yen……..152.90………………152.11
Source: Observadora
