The fall of the dollar on the labor market proved short-lived

Economic statistics of the weekly report on U.S. labor market has become a blow to the bulls on the dollar meant lower number of primary applications of unemployed and the sudden fall of the total number of persons receiving benefits, be greater than analysts had expected. After the release of data was subjected to strong U.S. sales, but so far have not been able to develop a greater reduction, taking into account the deterrent effect, which had a statement of the Department of Labor United States, indicating that the improvement is not the result of improving economic conditions and was the result of seasonal changes. Dealers are reminded that the recent attempts to strengthen the dollar is largely based on the weak economic statistics coming from different regions, but in recent days it has again been under pressure, given the decline in long positions against the background of evidence of failure to break out of the band formed, and pleasant surprises of the corporate reporting . Maintaining a positive nature in the past few days could be a catalyst for a more significant weakening of U.S. currency, and, while testing resistance near $ 1.42 is very likely break above will open the way to the maximum this year, while in the case of the materialization of some improvement of basic economic statistics strengthen the currency risk can get further impetus.