Asian Session – Dollar continues to correct on profit-taking
Posted on November 10, 2014 at 8:23 am GMTThe US dollar continued its downward correction as it slid to just below 114 yen (session lows) and the euro challenged the 1.2485 level. The pound also managed to climb above the 1.59 mark. The main excuse for this wave of profit-taking was that the headline number for the nonfarm payrolls had missed estimates as it came in at 214 thousand versus 231 expected. However, this still represented a labor market that was improving and the unemployment rate had dipped [..]