More than five times more likely to be part of the working poor. The share of adults who are working full-time jobs but still cannot make ends meet has increased, particularly among Latinos and other workers of color. As the low-wage sector has grown, the failure of even full-time work to pay family-supporting wages dampens the potential.
The greenback rose to a one-week high against the euro on Friday aseconomic data pointed to solid economic growth, and reduced fears about an impending slowdown.U.S. Homebuilding surged to a 13-year high in December as activity increased across the board,suggesting the housing market recovery was back on track amid low mortgage rates.It comes after data on Thursday showed that U.S. Retail sales increased for a third straight month inDecember, while a gauge of manufacturing activity in the U.S. Mid-Atlantic region rebounded in January toits highest level in eight months.' The last couple of sessions we've gotten some pretty good data,' said Bipan Rai, North American headof FX strategy at CIBC Capital Markets in Toronto.'
There was a little bit of concern by the Federal Reserve with regard to the health of the consumerand household market in the U.S., but it seems like yesterday's retail sales numbers and also the housingdata from yesterday and today have assuaged some of those fears for the time being,' Rai said.The euro fell 0.41% against the dollar to $1.1089.The Japanese yen was little changed on the day, after weakening earlier on Friday as record highstocks reflected stronger risk appetite.U.S. Stock indexes were driven higher by optimism over corporate earnings, upbeat economic data andindications of resilience in China's economy.Data on Friday showed that China's economy ended the year on a firmer note, even as economic growthcooled to its weakest in nearly 30 years.' December data signaled a strong finish for the Chinese economy and that suggests the Chinese economymay be primed for a rebound in 2020,' said Lee Hardman, a currency strategist at MUFG in London.The yen rose hit 110.28, the weakest since May, before falling back to 110.12.The offshore Chinese yuan also strengthened as far as 6.8567, the strongest since July.Currency bid prices at 2:20PM (1920 GMT)Description RIC Last U.S.
Comments are closed.
|
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
March 2023
Categories |