by Fri, 05 Nov 2010 13:44:00 +0100
Forex: Dollar rises on upbeat Non Farm Payrrolls
FXstreet.com (Barcelona) - The Dollar has jumped against its major rivals to extend recovery against Euro and Pound following US Non Farm Payrolls figures, which have increased more than twice as expected in October.
EUR/USD retreat from multi-month highs at 1.4280 has broken below 1.4100 support area to dip to fresh session low at 1.4030 so far. GBP/USD which has risen from 1.6165 to 1.6245 pre-NFP, has given away gains to test 1.6165 session low, and the UDSDJPY has soared about 60 pips after NFP, breaking above 81.00 resistance area to reach 81.45 session high.
US Non farm payrolls have increased by 151,000 in October, beating experts expectations of a 60,000 increment. September's payrolls have been revised to a a 41,000 decline from the 95,000 drop previously estimated.
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