The US dollar was rather mixed during this week. The currency fell against the euro initially but bounced later to end the week flat. The greenback climbed against the euro but dropped versus commodity currencies as well as the Great Britain pound.
While non-farm payrolls were a major supporting factor for the US currency, they came out at the end of the week and were not able to allow the greenback rise much higher. It is still possible that the US currency will profit from the positive data next week.
The euro demonstrated resilience versus the dollar even after the European Central Bank announced that it will no longer accept Greek bonds as collateral. As for currencies related to commodities, the bounce of crude oil prices helped them to recover. It was especially beneficial for the Canadian dollar, which also found support from domestic employment data, but even the Australian dollar managed to rebound after the big drop following the interest rate cut from the Reserve Bank of Australia.
EUR/USD rallied from 1.1312 to 1.1534 but retreated to 1.1318 by the weekend. USD/JPY climbed from 116.99 to 118.83 while USD/CAD declined from 1.2696 to 1.2522.
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