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 want to to thank you for this good read!! I certainly enjoyed
every little bit of it. I have got you saved as a favorite to check out new things you post…
For newest information you have to pay a visit world wide web and on web I found this web page as a most excellent site for latest updates.
In the forex industry, the trading spread may be the difference between a currency’s
purchase price.
What’s up every one, here every one is sharing such know-how, thus it’s
pleasant to read this webpage, and I used to pay a visit this website all the time.
Some spas, sensual massage in london like The Mandarin Oriental,
Miami,, provide you with a sense of relaxation and relief.
Now first thing I’m going to let her arm come over the head.
Thanks for watching and if you wake up in the evenings so I recommend calling at least 3 hours in advance.
The graphic, titled The Excessive Value of Youth Sports activities
, lists essentially the most and least costly organized sports, primarily based on a survey of more than 1,000 dad and mom
with student athletes in grades 6 by means of 12, and gives several
tips about learn how to hold youth sports activities bills
below control.
Because the admin of this web site is working, no uncertainty very shortly it will
be well-known, due to its quality contents.
Wow, awesome blog layout! How long have you been blogging for?
you make blogging look easy. The overall look of your web site is great, let
alone the content!
I read this paragraph fully concerning the comparison of most
up-to-date and earlier technologies, it’s remarkable article.
Hi, all is going sound here and ofcourse every one is sharing data, that’s in fact fine, keep up writing.
My relatives always say that I am wasting my time here at net, however I know I am getting know-how all the time by reading thes nice articles or reviews.
So you, as the restorer, have to set realistic goals as to exactly
what parts of the car you are going to restore to their original states
and what parts of the car you are willing to restore
“as close as possible” to their original states. Producing a very light car will drop
its fuel consumption, and oil companies will not appreciate this.
It is available in two versions of petrol and diesel and
has been a very reasonable price.
Spot on with this write-up, I actually believe that this site needs a lot more attention. I’ll probably be back again to read more,
thanks for the info!
Wonderful post! We are linking to this great post on our website.
Keep up the good writing.
Hi there, I enjoy reading through your post. I wanted to write a
little comment to support you.
The gameplay is quite simple. All you have to do is take
care of your farm.
I don’t even understand how I stopped up right here, but I assumed this post was
great. I do not know who you’re however certainly you’re going to a well-known blogger if you
happen to are not already. Cheers!
Hey there! I’ve been following your web site for
a while now and finally got the courage to go ahead and give
you a shout out from Huffman Texas! Just wanted to say keep
up the fantastic work!
An easy way to get free of charge clash of clans assault technique
city hall degree 7 youtube gems instantly!
Does your blog have a contact page? I’m having problems locating it but, I’d like to
send you an email. I’ve got some suggestions for your blog you might be interested in hearing.
Either way, great blog and I look forward to seeing it develop over time.
hey there and thank you for your information – I’ve certainly picked up something
new from right here. I did however expertise some technical issues using this website,
as I experienced to reload the site a lot of times previous to I could get it
to load properly. I had been wondering if your web hosting
is OK? Not that I am complaining, but sluggish loading instances times will very frequently affect your
placement in google and could damage your high quality score if advertising and marketing with
Adwords. Anyway I’m adding this RSS to my e-mail and could look out for much more of your
respective fascinating content. Ensure that you update this
again very soon.
This post will assist the internet viewers for building up new webpage or even a weblog from start
to end.
Hi there to every single one, it’s genuinely a pleasant for me to pay a visit this web site, it
contains useful Information.
Hi! I just wanted to ask if you ever have any trouble with
hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no backup.
Do you have any methods to protect against hackers?
Resolve on your most budget before you purchase, but bear in mind the metals you prefer to as the cost of the rings will rely largely on the selection of metals
and whether or not or not they’re diamond set.
Keep on working, great job!