The dollar advanced for a third day against the euro in the longest stretch of gains in four weeks after the Labor Department said winter storms capped growth in payrolls and the jobless rate unexpectedly fell to 9 percent.
The franc capped its first weekly decline in four against the dollar as data showed the U.S. unemployment rate unexpectedly fell, lessening demand for safe- haven assets.
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By GCI Forex Research Fundamental Outlook at 0800 GMT (EDT + 0400) USD With much of Asia still on holiday, FX price action was largely subdued overnight. However, AUDUSD did receive a strong boost when the RBA kept the forecasts for 2011 and 2012 inflation unchanged, despite the flooding.
Canada’s dollar reached the strongest level since May 2008 after employment increased more than four times what economists predicted, encouraging speculation the Bank of Canada may resume raising interest rates.
