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Forex: Friday’s review
The dollar fell to its weakest level against the euro in November 2011 on the background data, which showed that the number of people employed in non-agricultural sectors rose in December to 157 thousand, compared with forecasts for the level of 156 thousand
But, at the same time it was announced that the previous month was revised upwards by 41 thousand Meanwhile, the rate for November was revised from 161 thousand to 247 thousand impressive.
The yen fell to the lowest level in two and a half years against the dollar, amid speculation that Prime Minister Abe will choose a new head of the Bank of Japan, which will promote the growth of monetary stimulus.
The New Zealand dollar reached its highest level since August 2008 against the yen after the Governor of the Reserve Bank of New Zealand Graeme Wheeler said that the country should reduce its budget deficit or to resort to an increase in interest rates.
The Canadian dollar weakened against its U.S. counterpart, as market participants are waiting for data on the unemployment rate, which is projected to grown. Note that this report will be presented in the following Friday. However, despite the decline for most of the day, the currency was able to regain some lost ground, which helped the U.S. report on employment.
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