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 am sure this post has touched all the internet viewers, its really really nice post on building up new weblog.
bookmarked!!, I like your web site!
Excellent post. I was checking continuously this blog and I’m impressed! Extremely helpful information particularly the last part 🙂 I care for such information much. I was seeking this certain info for a long time. Thank you and good luck.
If you want to increase your knowledge just keep visiting this website and be updated with the newest news update posted here.
Hi there would you mind stating which blog platform you’re working with? I’m going to start my own blog in the near future but I’m having a hard time selecting between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something completely unique. P.S Sorry for getting off-topic but I had to ask!
Aw, this was a very nice post. Spending some time and actual effort to create a good article… but what can I say… I hesitate a lot and never manage to get anything done.
Hi there everyone, it’s my first visit at this web page, and article is truly fruitful designed for me, keep up posting such articles or reviews.
wonderful issues altogether, you simply won a logo new reader. What would you suggest in regards to your post that you simply made some days ago? Any positive?
The backfire prompted an emergency acknowledgment video from The Accomplished Brothers, who attempted to larger explain what they had been aggravating to do. Anticipate of it like Burger King, they stated. If you get into mattress with Burger King you should use their identify, agenda and all of the blow of it. Otherwise, you accept to go it deserted as an absolute restaurant.
This herb enhances glucose metabolism – studies have revealed insulin levels
in mice who received Garcinia cambogia were lower than.