Dollar rises against European majors an Yen as headline non-farm payrolls number came in not far from expectation. Encouragingly, unemployment rate dropped notably while participation rate also rose. Wage growth also some what picked up. DOW future also point to a mildly higher open. The greenback is set to end as the strongest one for the week, followed by Canadian Dollar and then Euro. Australian Dollar would be the weakest, followed by Yen. Technically, Dollar is still held below near term resistance against other major currencies. The key levels remain on 1.1762 support in EUR/USD. Gold's break of near term trend line support is a positive sign for the Dollar. Further decline is now in favor to 1902.73 support. Break will raise the chance that the consolidation pattern from 2075.18 would extend through 1862.55. In Europe, currently, FTSE is up 0.62%. DAX is up 0.09%. CAC is up 0.69%. Germany 10-year yield is up 0.0156 at -0.471. Earlier in Asia, Nikkei dropped -1.11%. Hong Kong HSI dropped -1.25%. China Shanghai SSE dropped -0.87%. Singapore Strait Times dropped -0.87%. Japan 10-year JGB yield rose 0.0046 to 0.040. |
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