Friday, January 10, 2014

DOLLAR REMAINS LOWER AFTER US JOBS REPORT

signalsgowin.com-The dollar remained mostly lower against the other major currencies after the U.S. economy added far less jobs than expected. Dollar remains lower, dropped against the yen, USDJPY down 0.64% to 104.17. Economy added 74,000 jobs in December, compared to expectations for a 196,000 increase, after 241,000 rise the previous month. The U.S. unemployment rate fell to 6.7% in December, from 7.0% in November. The euro was higher against the dollar, EURUSD up 0.50% to 1.3676, the industrial production in France climbed 1.3% in November, exceeding expectations for a 0.4% rise after European Central Bank President Mario Draghi said the bank was still ready to take "further decisive action" if needed. The pound steady against the dollar, GBPUSD easing up 0.07% to 1.6492, the U.K. manufacturing production was flat in November. The dollar was lower against the Swiss franc, USDCHF sliding 0.56% to 0.9018, the consumer price inflation fell 0.2% in December. AUDUSD gaining 0.88% to 0.8977, NZDUSD advancing 0.36% to 0.8282 and USDCAD climbing 0.73% to 1.0921. The number of employed people in Canada dropped by 45,900 in December, Canada's unemployment rate rose to 7.2% last month. China's trade surplus narrowed to USD25.6 billion in December. The U.S. dollar index was down 0.41% to 80.74.

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