US dollar keeps its dominant position
US dollar is strengthening its position. According to the analyst of FXStreet, the American currency is reinforced by the fact that investors have no safer options.
The expert believes that British pound is the most stable currency when it comes to the news about the dollar. It is likely to remain flat, so investors seeking gains are advised against trading the GBP/USD pair.
Euro, on the other hand, might drop to the new lowest level of 1.0635. Pessimistic NFP report might negate all the recent gains of the european currency.
Australian dollar is also likely to keep dropping. Japanese yen is likely to grow against the US dollar.
The dollar seems to be unaffected by the recent news of rapidly growing unemployment in the country.