The euro does not lose the opportunity to touch new highs of more than a year against the dollar, and it escape many times the highs against the yen, taking advantage of the weakness of the latter.
This movement is striking the euro. The euro-zone economy appears to leave its worst, although the unemployment rate known in the morning is not encouraging: is located just two tenths of a point below the record high, and clawing back 12%. However, the single currency seems to enjoy its best, in spite of economies of the South. The currency approaches 1.37, in a rally that resembles more speculation of some important funds to the will of the mass of investors to take euros, just as the outlook for other currencies leaders says the dollar is winning the daily battle.
In fact, the sterling resumes a short-term downtrend, after a strong recovery yesterday, which put in 1.59, from which it slowly began to lose positions.
The yen lost positions against the dollar again, and this time it came to 92.30. The overbought level that presents the 4 hour chart suggests a downward correction in the next few hours, just after the jobs report mentioned. The other currencies has a slightly bearish outlook against the dollar, the Australian dollar was close to its lowest since Dec. 26, the Canadian dollar is not far from parity against the dollar and the Mexican peso lost some positions him closer to 12.80, and the gap left by the Jan. 2 at 12.96.
