Dec. 6: American session
The U.S. dollar strengthened after strong employment data today. According to the Department of Labor statistics, the number of non-farm payrolls in November amounted to 203 thousand people, while analysts had forecasted a decline to 180 thousand. From the previously revised data the level was about 200 thousand. EUR/USD pair had fallen to the level of 1.3615 at the news appearance, but immediately turned around and topped yesterday's highs, testing the 1.3700 figure. Foote also soared, the currency pair GBP/USD is currently trading at session highs near 1.6380 mark and will end the day, most likely in a significant plus.
Pair USD/CHF continues to decline , trading at 0.8930 strong support. U.S. dollar today recovered only against the Japanese yen. USD/JPY pair has established a session high in the 102.90 mark, and then began to be adjusted to support 102.50. Securing over this level may contribute to the further growth of the currency pair.
The AUD/USD has formed in the session low 0.8990, then grew rapidly and is currently trading above the 0.9100 figure. NZD/USD was noted at the level of 0.8138, but the sharp drop in the U.S. dollar forced the market to jump higher the two-week highs. Bidding is now tested in the area of resistance 0.8270.
The Canadian dollar was supported today by positive statistics. The number of jobs in November increased by 21.6 million versus forecasts of experts in 12 thousand. Moreover, the unemployment rate fell to 6.9 %. Analysts had forecasted an increase up to 7.0 %. Thus , the depreciation of the currency pair USD/CAD is continuing. Trades are currently in session lows 1.0630. Break of this support can lead strong sales to the next level 1.0600.
Tatiana Norkina, FBS analyst