After tumbling against its major counterparts on Friday amid dismal U.S. jobs data, the dollar recovered slightly in early Asian trading on Monday.
The U.S. Labor Department report showed on Friday that non-farm payroll employment increased just 39,000 in November, well below forecasts for a 130,000 increase. The unemployment rate jumped to 9.8% from 9.6% in October.
Amid the report, the dollar plunged to an 8-day low against the pound, 10-day low against the euro and the NZ dollar, 11-day low against the Aussie, 18-day low against the yen and a 3-week low against the franc.
The Federal Reserve could expand its new $600 billion quantitative easing program if the economy fails to revive as anticipated, its Chairman Ben Bernanke has said.
In a televised interview aired on Sunday, Bernanke told the CBS network the Fed’s policy easing was aimed at averting the US economy falling into a deflationary spiral and bring down high unemployment, shrugging off criticism the policy could lead to future inflationary pressures.
The dollar strengthened against the yen in early Asian deals on Monday. As of now, the dollar-yen pair is worth 82.92, up from Friday’s close of 82.60. If the dollar gains further, it may likely target the 83.5 level.
During early Asian deals on Monday, the dollar rose against the currencies of Europe, U.K. and Switzerland. At present, the dollar is worth 0.9772 against the franc, 1.3352 against the euro and 1.5743 against the pound, compared to Friday’s close of 0.9735, 1.3423 and 1.5784, respectively. The next upside target level for the dollar is seen at 0.990 against the franc, 1.325 against the euro and 1.565 against the pound.
The U.S. dollar gained against the Australian dollar during early Asian session on Monday. The greenback is currently worth 0.9869 against the aussie with 0.982 seen as the next upside target level. The pair closed Friday’s trading at 0.9936.
In early Asian session on Monday, the U.S. dollar climbed against the Canadian dollar. The greenback-loonie pair that closed last week’s trading at 1.0035 is presently worth 1.0060. If the greenback strengthens further, it may likely target the 1.008 level.
Against the New Zealand dollar, the U.S. dollar soared in early Asian deals on Monday. Currently, the greenback is worth 0.7625 against the kiwi, compared to Friday’s close of 0.7673. The next upside target level for the greenback is seen at 0.756.
Looking ahead, Switzerland’s foreign currency reserves data for November and the Eurozone Sentix investor confidence index for December are expected in the upcoming European session.
Canada’s building permits for October and Ivey PMI for November are slated for release at 8:30 am and 10:00 am ET, respectively.
This site really has alll of the inormation and facts I needed concerning this subject and didn’t know who to ask.
Hello! I’ve been following your site for a while now and
finally got the courage to go ahead and give you a shout
out from Humble Tx! Just wanted to mention keep up the great job!
I got this site from my pal who shared with mee concerning this web site and at thee moment this time I am visiting
this web site and reading very informative posts at this
In diet plans such as I/ and also social psychology that consist
of a heavy emphasis on study, establishment with research approaches, statistics, computers and innovation is essential.
Hear straight from our professors and also
students regarding the research study taking place in the Department of Psychology
at Northeastern College.
Thanks for sharing your thoughts about Forex News. Regards
I loved as much as you’ll receive carried out right here.
The sketch is attractive, your authored material stylish.
nonetheless, you command get got an edginess over that
you wish be delivering the following. unwell unquestionably
come further formerly again as exactly the same nearly a lot often inside case you shield this hike.
Remarkable! Its in fact remarkable piece of writing, I have got much clear idea about from this article.
Your expertise of human practices as well as motivation, ability
to critically evaluate an issue, create a thought about feedback, produce an argument as well as generate new ideas offer themselves
well to jobs in the creative markets, the legal market, government
administration and education.
I like the logic of making an experiment, creating a hypothesis,
and screening your ideas.” Dr. Rescorla studies his favorite sensation, discovering, at the University of Pennsylvania, where he routes undergraduate studies in psychology and is Christopher H. Browne Distinguished Teacher in Psychology.
This site certainly has all of the info I wanted about this subject and
didn’t know who to ask.
I had actually wished to be a psycho therapist considering that I was
a psychology significant at the City University of New York (I
originally believed I would certainly go into design).
I’m extremely impressed along with your writing abilities and also
with the layout for your weblog. Is this a
paid theme or did you modify it yourself? Anyway stay up the excellent high quality writing, it is uncommon to see a nice weblog like this one nowadays..
What’s up, this weekend is fastidious in support of me,
since this time i am reading this impressive educational post here at my residence.
As a woman who opened her very own company soon after making a bachelor’s degree
in psychology mentioned, Besides, psychology is business of
life.” Although the majority of those with bachelor’s degrees in psychology work in locations apart from psychology, they continue to be thrilled by the modifications happening in the field that relate to exactly what they are currently doing.
I pay a quick visit every day some websites and
websites to read articles or reviews, but this blog provides feature based content.
To become a psycho therapist you’ll need to finish additional
training (fourth year research study as well as a postgraduate degree or work-based internship).
Awesome! Its in fact remarkable article, I have got much clear idea about from
this piece of writing.
What’s up to all, how is everything, I think every one
is getting more from this website, and your views
are pleasant for new users.
I enjoy looking through a post that will make people think.
Also, many thanks for permitting me to comment!
Amazing! This blog looks exactly like my old one! It’s on a totally different topic but it has pretty much the
same layout and design. Excellent choice of colors!
Superb, what a webpage it is! This website gives helpful facts to us, keep it up.