The data by the
Another report from the
The US trade deficit fell more than expected by 5.6% in May to
The jobs data, which came on the heels of upbeat private sector employment data, signaled that the economic recovery in US is gathering momentum in the second quarter.
The greenback extended rally to 102.22 versus the yen, its highest since
The Markit Japan Services PMI edged down to 49.0 in June from 49.3 in May, signaling contraction for the third consecutive month. The decrease in service sector output was driven by the recent increase in sales tax, the survey showed.
The greenback firmed to a 1-week high of 1.3607 against the euro and a 6-day high of 0.8928 against the franc, compared to Wednesday's closing values of 1.3658 and 0.8887,respectively. If the greenback extends gain against the euro and the franc, it is likely to face resistance around 1.35 and 0.90, respectively.
The greenback rallied to a 2-day high of 1.7098 against the Sterling, after having fallen to a 5-1/2-year low of 1.7176 on Wednesday. The greenback may possibly test resistance at the 1.70 zone.
The greenback rose to 1.0679 against the Canadian dollar upon the data, setting a 3-day high, from an early low of 1.0644. The greenback is likely to challenge resistance at the 1.08 region.
The US currency strengthened to an 8-day high of 0.8720 against the NZ dollar and a new 2-week high of 0.9328 against the aussie, reversing from early lows of 0.8777 and 0.9442, respectively. Extension of uptrend may take the greenback to resistance levels of around 0.865 against the kiwi and 0.925 against the aussie.
Looking ahead, the US ISM non-manufacturing composite index for June is due shortly.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
SEPTEMBER 2, 2014
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