Forex News
June 10, 2013 @ 11:51 am

Dollar broadly stronger after US jobs data

The US dollar is stronger on Monday especially against the Japanese yen and against the Swiss Franc.

Friday’s stronger than expected US jobs data helped buoy the greenback. Nonfarm payrolls grew to 175,000 jobs in May, up from a previous downwardly revised 149,000. Forecasts were for 167,000 jobs to be created.

During European late morning trade, the dollar rallied against the yen, with USDJPY advancing 1.2 percent to 98.71 yen.
USDCHF hit 0.9458 during European morning trade, the session high; the pair subsequently consolidated at 0.9368, adding 0.10. the release of positive Swiss economic data,

Data showed that retail sales in Switzerland rose by an annualized rate of 3.3 percent in April, after a 0.8 percent decline the previous month, beating expectations for a 2.4 percent increase.

The Swiss Franc was also fractionally lower against the euro with EURCHF edging up 0.07 percent, to reach 1.2384.

The euro was slightly lifted after the Euro zone Sentix investor confidence index improved to minus 11.6 in June, from a reading of minus 15.6 the previous month, compared to expectations for an improvement to minus 10.0.

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