FXstreet.com (Barcelona) - U.S. markets have opened with gains beyond 1.0% with investors confidence buoyed by a well better tan expected Non-farm payrolls report. The Dollar has appreciated across the board while Yen extended losses.
Dow Jones Industrials Index advances 1.30%, while the Nasdaq Index rises 1.83% and the S&P Index trades 1.63% up in the firt hour of trading.
On the macroeconomic domain, U.S. non-farm payrolls have declined by 11,000 in November, beating market consensus of a 111.000 drop, and posting the best reading since December 2007. Unemployment rate has declined to 10.0% from 10.2% in October.
Dollar rises while Yen drops
EUR/USD plunged amid widespread Dollar strength after buoyant NFP report, dropping about 170 pips from levels around 1.5080 to 1.4910 low. At the moment of writing, the Euro is moving around 1.4950, 0.65% below the day opening level.
USD/JPhas extended its recovery from 84.80 low on November 27 with a 145 pip rally post-nfp, driving the Dollar to a fresh 2-weeks low at 89.90.
GBP/USD retreated from intra-day high at 1.6675 to 1.6545 after U.S. payrolls data, although the Pound managed to pick up from the mentioned low and return to levels around 1.6590 at the moment of writing.