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.
My developer is trying to convince me to move to .net from PHP.
I have always disliked the idea because of
the expenses. But he’s tryiong none the less. I’ve been using Movable-type
on several websites for about a year and am anxious
about switching to another platform. I have heard fantastic things about blogengine.net.
Is there a way I can transfer all my wordpress content into it?
Any kind of help would be really appreciated!
I loved as much as you’ll receive carried out right
here. The sketch is attractive, your authored material
stylish. nonetheless, you command get bought an impatience over that you wish be
delivering the following. unwell unquestionably come more formerly again since exactly the same nearly a lot often inside case you shield this hike.
What’s up to every , since I am genuinely eager of
reading this webpage’s post to be updated on a regular basis.
It contains pleasant data.
Very nice article. I certainly appreciate this site. Thanks!
Hi there! I know this is kinda off topic but I was wondering which blog
platform are you using for this site? I’m getting sick and tired of WordPress because I’ve had problems with hackers
and I’m looking at options for another platform. I would be great if you could point me in the direction of a good platform.
This is really interesting, You are a very skilled blogger.
I have joined your feed and look forward to seeking more of your
wonderful post. Also, I’ve shared your website in my social
networks!
Thanks on your marvelous posting! I quite enjoyed reading it, you happen to
be a great author. I will make certain to bookmark your blog and definitely will
come back at some point. I want to encourage
continue your great posts, have a nice morning!
Do you have a spam issue on this site; I also am a blogger, and I was wanting to know your situation; many of us have developed some nice practices and we are looking
to exchange strategies with others, why not shoot me an email if interested.
I don’t know if it’s just me or if everyone else encountering problems
with your blog. It appears as though some of the text in your posts are running off the screen. Can somebody else please
comment and let me know if this is happening to them too?
This may be a problem with my internet browser because I’ve had this happen before.
Appreciate it
First thing I’m going to bring this tantric massage in london up to the
toes. There are several websites that are frequently updated with
the videos on Thai massage London has been tantric massage in london successful.
Though such massage treatment mainly aims at relaxing and comforting the stiffened muscles, the post massage therapy renders you into calm health status.
wonderful issues altogether, you simply received a
emblem new reader. What may you suggest about your submit
that you made a few days ago? Any certain?
It’s awesome to pay a quick visit this web site
and reading the views of all colleagues on the topic of this
paragraph, while I am also keen of getting knowledge.
I just couldn’t depart your web site before suggesting that I really enjoyed
the usual info a person provide on your visitors? Is gonna be back continuously in order to check out new posts