 Dollar rises broadly in early US session in response to surprisingly strong non-farm payroll data. Dollar's ascent is notably pronounced the Canadian Dollar, which simultaneously grapples with its own disappointing employment figures. But against others, the overall strength of the greenback remains somewhat contained for now. The picture could shift dramatically as the NFP report catalyzes a significant surge in US treasury yields and exerts downward pressure on stock futures. Should the turmoil in stocks and bonds persist, Dollar may well gather substantial momentum later in the session. As for the week at this point, Australian Dollar remains the standout performer, followed by New Zealand Dollar. Dollar's ascent post-NFP has positioned it as the third strongest currency for the now. Conversely, Canadian Dollar finds itself at the bottom of the performance ladder, with the Swiss Franc not far ahead. Euro and British Pound re mixed, positioned in the middle alongside Japanese Yen. But there is room for the picture to change drastically before weekly close... |
