Best Euro Exchange Rates - Best Euro Rate Information

Best US Dollar Exchange Rates

Best US Dollar Exchange Rates

Yesterday evening the Fed reported broad-based employment gains across U.S. industries and regions, two days before the Labor Department issues its highly anticipated monthly jobs data. The report offers Fed policy makers, who meet Dec. 16-17, anecdotal evidence about improvements in the job market as they consider when to raise interest rates for the first time since 2006. Other data today showed private employers added 208,000 jobs in November, while services from retailing to construction expanded at the second-fastest pace in more than nine years once again boosting the US Dollar exchange Rates.

Later this afternoon in the US we have the weekly jobless claims ahead of tomorrows non-farm payrolls. The Non Farm Payrolls is the biggest economic release and will help in the forecast of the future US Dollar exchange rates.

We expect this number to show that the US labor market is continuing to push ahead and this may help other “risk” currencies such as the Australian Dollar and the South African Rand.

I don’t have a view at the moment on the direction of Euros to US dollars as the risk reward on both is finely balanced.