US Dollar: Post-NFP Rally Could Continue on Trend Breaks (Daily FX)
US Dollar: Post-NFP Rally Could Continue on Trend Breaks Fundamental Outlook for US Dollar: Bullish – Dubai World concerns had short-lived impact on risk-related trades – US dollar weakness early in the week pushed gold for a test of 1200 – US non-farm payrolls fell by a surprisingly small 11,000 The US dollar rocketed higher upon the release of the US non-farm payroll report on December 4, which surprisingly showed that the labor market only lost 11,000 jobs in November, compared to forecasts for a decline of 125,000.
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US Dollar: Post-NFP Rally Could Continue on Trend Breaks (Daily FX)
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