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 got this web page from my friend who told me about this
web page and at the moment this time I am browsing this website
and reading very informative posts here.
I enjoy reading an article that can make men and
women think. Also, thank you for allowing for me to
comment!
This site was… how do I say it? Relevant!! Finally I have found something which helped me.
Thank you!
Great topic and well written. Do you have any more resources about this that you reccommend?
Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates.
I’ve been looking for a plug-in like this for quite some time and was hoping maybe
you would have some experience with something like this.
Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.
Majestic SEO is a software program package deal targeted on offering information for hyperlink
constructing, repute administration, competitive link evaluation and lot more information insights on on-line advertising. Majestic
SEARCH ENGINE MARKETING is a link analysis software, with an index of 52 billion pages, a document of 350 distinctive URLs and a
couple of.6 trillion mapping relationships.
Heya i’m for the first time here. I found this board and
I find It really useful & it helped me out much. I hope
to give something back and help others like you helped me.
In the United States, prior to the Nice Depression, it was commonplace that
the lady obtained and wore a wedding ring in the course of the
wedding ceremony while solely 15 % of wedding ceremony ceremonies included rings for the husband and the
wife. By approximately 1950, however-and largely because of improved financial conditions and advertising
and marketing by the jewelry industry in the United States-two-ring ceremonies had turn into the norm and eighty p.c of married couples
exchanged rings on the ceremony as a sign of their mutual everlasting love.
If you want to really shock, you should purchase the jewellery long after she
has tried it on. Do not make a giant event of the journey.
It is best to point out no interest in buying her jewellery.
This may deepen the shock. If you need help,
seek the advice of individuals who know your vital other
and might hold a secret.
Do you need money to start your own business?
Hello, I read your blog daily. Your story-telling style
is witty, keep up the good work!