Cervantes

Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.

MIGUEL DE CERVANTES
Don Quijote de la Mancha.

4 de septiembre de 2015

Dollar Strengthens After August Jobs Report Backs Fed Rate Rise

The dollar rose as a U.S. labor report supported expectations that the Federal Reserve may raise interest rates when it meets this month.
The U.S. currency erased earlier losses as a government release showed American employers added fewer-than-forecast jobs last month while the previous month’s gain was revised up and average hourly earnings rose more than projected. The jobless rate fell to 5.1 percent, the lowest level since April 2008.
"The outlook for a stronger dollar remains very much intact," said Omer Esiner, chief market analyst at currency brokerage Commonwealth Foreign Exchange Inc. in Washington. "It lays the groundwork for continued dollar buying over the next few weeks."
The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 major peers, added 0.1 percent to 1,213.35 as of 8:52 a.m. in New York. It declined as much as 0.3 percent earlier. The U.S. currency gained 0.1 percent to $1.111 per euro and declined 0.7 percent to 119.26 yen.
Employers added 173,000 workers in August. The gain in payrolls, while less than forecast, followed advances in July and June that were stronger than previously reported, the Labor Department said Friday.

Average hourly earnings climbed more than forecast and workers put in a longer workweek, the report also showed.
Persistent hiring indicates employers were upbeat about America’s demand prospects leading up to mounting concerns of further deterioration in emerging economies. Fed policy makers meeting in less than two weeks will weigh resilient U.S. employment conditions against the recent turmoil in world financial markets as they debate the timing of any interest-rate increase.

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