Foreign Exchange: US Dollar Bullish Non US Currency Is Expected To Return To Full Line.

< p > the ECB unexpectedly cut interest rates to 0.25% and superimposed the S & P downgrading the French rating to AA, making the euro dollar non US dollar currency facing a larger callback pressure.

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< p > analysts pointed out that next week's "a href=" http://sjfzxm.com/news/index_c.asp "euro" /a "downward pressure is relatively large, at present, 1.34 and 1.33 of the support position or break through, while the pound may continue to shock in the vicinity of 1.60; Australia's recent decline may indicate that the Australian dollar may have recorded a temporary high position, do not rule out the possibility of further decline, pay attention to the support position of 0.93~0.94; the US dollar against the yen overall pattern is empty, focus on 97~98 point support.

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In terms of the P US dollar index, the non farm workers who will be released in the evening in October will be larger than the 125 thousand expected in the market. Otherwise, if not expected, they may be volatile before the week, but still strong.

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< p > > Beijing time November 9th morning, on Friday, the labor department data showed that in October there was a new employment population equivalent to more than two times the market expectation. This favorable data for the economic outlook again aroused the discussion of whether the Federal Reserve would take action quickly or reduce the scale of asset purchase projects. The exchange rate of the US dollar against a variety of major currencies increased rapidly. < a href= "http://sjfzxm.com/news/index_s.asp" > the US dollar index < /a > increased 0.51% in all day trading.

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< p > as of New York's < a href= "http://sjfzxm.com/news/index_cj.as" > foreign exchange market < /a > closing, the US dollar index of the Intercontinental Exchange which tracks six major currencies has increased by 0.52% at 81.26 points. The index with a high weighting on the euro exchange rate remained at 80.914 before the announcement of the non farm employment report.

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The US dollar index of Wall Street journal, which tracks more currencies and adjusted the total volume of foreign exchange market, was 73.44 at the same time, rising 0.63%. P

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< p > data released by the US labor department on Friday showed that although the federal government closed at the beginning of the month was considered to be a blow to the employment situation, the number of employed Americans increased by 204 thousand in October, which is 100 thousand times the average expected by economists two times.

The report also revised the employment population in August and September respectively.

The unemployment rate in October was 7.3%, slightly higher than the 7.2% reading in September, but it was better than 7.4% of economists expected.

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P BK BK director of Asset Management Co's foreign exchange trading strategy, Kathy Kathy, points out that "policymakers are already less pigeon and the data are so good. If they want to do that, then they will find enough reasons to start reducing stimulus next month."

She said she once thought that March 2014 was the time for the Federal Reserve to take action, but now it seems that January is also possible. "December is a tough decision".

She believes that the Fed's policymakers may be hesitant to adjust their monetary policy when considering the key holiday shopping season.

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P the Federal Reserve buys $85 billion of mortgage backed securities and treasury bonds every month to lower its longer-term interest rates to boost economic growth.

This purchase is actually equivalent to printing money and suppressing the exchange rate of the US dollar.

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Millan Mulraine, director of American research and strategy at Dao Ming securities, said: "the new report is a pleasant surprise. This result responds to the trend of strong economic turn indicated by other reports. It shows that risk has been biased towards taking action in January to reduce quantitative easing rather than March, especially if this level of economic performance can be maintained in the next few months" in January.

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< p > other economic data are not satisfactory: the University of Michigan and Reuters report pointed out that the consumer confidence index in early November is 72 points, also the lowest level since December 2011, far less than the average forecast of 75 economists.

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< p > < strong > > a href= "http://fz.sjfzxm.com/" > euro to us dollar exchange rate < /a > fell 0.37% on Friday, to $1.3371.

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< p > rating agency Standard & Poor's issued a statement on Friday that lowered the French sovereign rating from AA+ to AA, and said France's economic growth prospects were doubtful. The government's reform of Taxation and labor and other markets did not continuously enhance the medium-term prospects of France.

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< p > the Australian central bank issued a quarterly policy statement on Friday, saying the central bank did not rule out the possibility of further lowering the benchmark interest rate.

Australian dollar fell 0.81% to $0.9379 against the dollar.

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< p > other currencies, the pound fell 0.46% against the US dollar at 1.6022 dollars, and the US dollar rose 1.04% to the yen, which was 99.10 yen.

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