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.
I visited multiple web sites except the audio quality for audio songs current at this web site is genuinely fabulous.
If you wish for to take much from this article then you have to apply these techniques to your won webpage.
Hi! I could have sworn I’ve been to this website before
but after checking through some of the post I realized it’s new to me.
Anyways, I’m definitely delighted I found it and I’ll be bookmarking and
checking back frequently!
I read this piece of writing completely regarding the comparison of hottest and earlier technologies, it’s remarkable
article.
Thanks for sharing your info. I really appreciate your efforts and I will be
waiting for your next write ups thanks once again.
Hello there! This post could not be written much better!
Reading through this article reminds me of my previous
roommate! He continually kept preaching about this.
I am going to send this article to him.
Pretty sure he’s going to have a very good read.
Thanks for sharing!
It’s the best time to make some plans for the future and it is time to be happy. I have read this post and if I could I wish to suggest you some interesting things or tips. Perhaps you could write next articles referring to this article. I desire to read more things about it!
Believe of this as your personal energy, from your inner resource of psychic skills. Even spouses needed to verify the commitment and fidelity of their partner through the psychic.
Institute of Fortune-teller Mediums – UK based organisation committed to the promo, coaching as well as advancement of feeling interaction.
Psychic abilities are everything about going through the energy in and around individuals as well as the universe and a big part of this is sixth sense, which most all people have, and also unfortunately not nearly enough folks hear. Do not be one of these people as well as receive made the most of; if your digestive tract says this your condition isn’t right, that really isn’t– go out.