After the Economic Data released in US the analysts are awaiting the Non Farm Employment Data to be released 12:30 GMT today. This is going to be the biggest news in the United States as the current economic & unemployment data released is not impressive.
This week turned out to be very bad for US dollar & the analysts are not expecting any positive recovery in next week for the US dollar. The unemployment in US rose by 13000 people this week. The US Non Farm Employment data is expected to be negative too as the overall economic indicators in United States are not encouraging & signaling that the economic recovery in United States is stagnating.
The USD has depreciated against all its counterparts but Japanese Yen has most benefited by the economic uncertainty in the United States. The US Dollar was considered as safe heaven by the investors but given the slowing economic recovery in United States, the US Dollar is swiftly losing its privilege & the investors are shifting their focus JPY as it is considered as a safe investment.
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