During early Asian deals on Monday, the U.S. dollar climbed to multi-day highs against most major currencies on Friday’s strong U.S. jobs data.
The US economy generated more than 150,000 jobs in October, with significant positive revisions to the jobs data from the previous two months, the Labor Department revealed Friday.
Non-farm payrolls rose by 151,000 in October, higher than the 60,000 gain expected by Wall Street economists.
The unemployment rate stood still at 9.6% in October, having barely budged since May.
The U.S. dollar rose against the euro during early Asian deals on Monday and reached a 6-day high of 1.3920 at 9:20 pm ET. If the dollar gains further, it may likely target the 1.378 level. The euro-dollar pair is now worth 1.3940, compared to Friday’s close of 1.4040.
During early Asian deals on Monday, the U.S. dollar climbed to a 4-day high of 1.6106 against the pound at 9:20 pm ET. On the upside, 1.596 is seen as the next target level for the U.S. currency. The pound-dollar pair that closed last week’s trading at 1.6199 is currently worth 1.6120.
The U.S. dollar, which closed last week’s trading at 0.9616 against the Swiss franc soared to a 4-day high of 0.9673 in early Monday Asian deals at 9:35 pm ET. As of now, the dollar-franc pair is worth 0.9659 and the next upside target level for the dollar is seen at 0.993.
In early Asian deals on Monday, the U.S. dollar jumped against the New Zealand dollar and hit a 4-day high of 0.7871 at 9:20 pm ET. This may be compared to last week’s close of 0.7958. If the greenback rises further, it may likely target the 0.783 level. At present, the kiwi-greenback pair is worth 0.7889.
Looking ahead, the Swiss unemployment rate for October, German trade balance and industrial production for September, Eurozone Sentix investor confidence for November are expected in the European session today.
There are no major economic reports due for release from the U.S. today.