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.
Hi, i read your blog from time to time and i own a similar one and
i was just curious if you get a lot of spam comments?
If so how do you protect against it, any plugin or anything you can advise?
I get so much lately it’s driving me insane so any
support is very much appreciated.
Hmm it appears like your site ate my first comment (it was extremely long)
so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog.
I as well am an aspiring blog writer but I’m still new to everything.
Do you have any recommendations for first-time blog writers?
I’d really appreciate it.
Hi, Neat post. There’s a problem with your website in internet
explorer, could check this? IE nonetheless is the marketplace leader
and a huge part of other folks will pass over your excellent
writing due to this problem.
This is really interesting, You are a very skilled blogger.
I’ve joined your rss feed and look forward to seeking more of your
excellent post. Also, I have shared your web site in my social networks!
Definitely believe that which you said. Your favorite reason appeared to be on the net the simplest thing to be aware of.
I say to you, I certainly get irked while people consider worries that they just don’t know
about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people can take a signal.
Will probably be back to get more. Thanks
Everyone loves it when folks come together and share views.
Great site, continue the good work!
Hello, I read your blogs on a regular basis. Your
writing style is awesome, keep up the good work!
I’ve been surfing on-line greater than 3 hours these days, yet I never discovered any attention-grabbing article like
yours. It is lovely price enough for me. In my view, if all web owners and
bloggers made excellent content material as you probably did, the internet can be much more
helpful than ever before.
Great goods from you, man. I have understand your stuff previous to and you’re just
too great. I really like what you have acquired
here, really like what you’re saying and the way in which you say it.
You make it enjoyable and you still take
care of to keep it sensible. I cant wait to
read much more from you. This is really a wonderful website.
After I originally left a comment I appear to have clicked on the -Notify me
when new comments are added- checkbox and from now on every time a
comment is added I recieve 4 emails with the exact same comment.
Is there a means you can remove me from that service?
Thanks!
Great blog you’ve got here.. It’s difficult to find quality
writing like yours these days. I truly appreciate individuals like you!
Take care!!
I am in fact glad to read this weblog posts which carries
tons of useful information, thanks for providing such information.
Somebody necessarily lend a hand to make critically posts I’d state.
That is the very first time I frequented your website page
and up to now? I amazed with the research you
made to make this actual post incredible. Magnificent process!
Clairvoyant tarot readings, psychic consultant, devoutness, blog, desire interpretation, spirits,
tarot, readings, Colette Clairvoyant, Colette Brown.
Hey there, I think your website might be having browser compatibility issues.
When I look at your blog site in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping.
I just wanted to give you a quick heads up! Other then that,
very good blog!
This post is invaluable. How can I find out more?
When I initially commented I clicked the “Notify me when new comments are added” checkbox
and now each time a comment is added I get several e-mails with the same comment.
Is there any way you can remove people from that service? Bless you!
But in a ‘V’-shaped compressor, the 1st stage and 2nd stage may be entirely different connected by
high pressure pipes. Shown below is the cut out of a twin lobe rotary compressor which consists of
two lobes or impellers which rotate in unison but in opposite
directions. This article combined with looking at air compressor reviews will make the search for the best
air compressor for you much easier.
Hi, Neat post. There is a problem with your
web site in web explorer, would test this? IE nonetheless is the marketplace leader and a large part
of other folks will pass over your great writing because of this problem.
What’s up, yup this post is in fact good and I have learned lot of
things from it about blogging. thanks.