Dollar was in a pole position to end as the strong one but was the unfortunately knocked down by solid, but disappointing non-farm payroll report. The data did nothing to alter the base position of Fed officials that, it's only time to talk about talking about tapering for now. Some more time is still needed for the impact of vaccination and inflation dynamics to fully play out. Nevertheless, New Zealand Dollar actually as the as the worst performing one, paring some of recent gains. Euro was the second worst despite some solid data. But there is prospect for some upside in Euro, at least against Dollar and Yen, should ECB indicates that tis' ready to scale back some the pace of asset purchases this week. Australian Dollar was surprisingly the strongest, and has technically the potential to outperform further ahead. |
