US Dollar: Post-NFP Rally Could Continue on Trend Breaks
Euro at the Mercy of the US Dollar and Risk Appetite Despite ECB Steps
Japanese Yen Selling to Continue as Dollar, Stocks Decouple
British Pound Doesn’t Make for the Standard Dollar Counterpart
Swiss Franc Looks To Break Range As Growth Fears Rise
Canadian Dollar Still in Uptrend Ahead of Next BOC Meeting
Australian Dollar Could Lose Ground as the Carry Trade Unwinds
New Zealand Dollar Forecast Remains Bearish as Rate Outlook Falters

The U.S. labor market weakened at a slower pace in November, with non-farm payrolls slipping 11K from the previous amid forecasts for a 125K decline,  while the annual rate of unemployment unexpectedly dropped to 10.0% from the 26-year high of 10.2%.

The US Dollar sank against most major currencies ahead of the opening bell in Europe after an uneventful session in Asian trade as currency markets repositioned in preparation for the all-important US Nonfarm Payrolls report. Japan is gearing up to announce a new stimulus package, but political infighting may delay the final outcome.

There was a lot going on behind the dollar Thursday: data was in control through the morning the Fed was under the spot light for its policy efforts through mid-day; and sentiment would mark a meaningful reversal into the closing hours of the session. In the end though, all of this activity may be for not should Friday’s ever market-moving non-farm payrolls (NFP) report rile calm seas with a fundamental impression on risk appetite and/or the dollar’s economic health itself.