US Employment Data Supported Growth of Markets

Forex News

Data on the US employment caused the growth of world stock markets. The US dollar reached a two-month maximum against the Japanese yen, as recent US employment data gave investors greater confidence in the strength of the economy.

The Bank of Canada will announce its decision on monetary policy this week. Investors expect an increase in the interest rate by 25 basis points. Raise of the interest rate of the Bank of Canada could be the first in almost seven years.