Dollar Slips against Yen but might be on the Up

This morning the US dollar slipped against the yen, but this was after a spurt on Friday against a basket of currencies.

Yes, the dollar might actually be back on a stronger trend…but for how long?

The dollar’s boost on Firday was due to good news from the US: latest data showed that less jobs were lost in November than expected.  Most experts had thought around 130,000 would be lost – when in fact the total came out at 11,000.

This proved to give a more positive vibe around the US economy – perhaps it really is on the mend again.  Added to this are hopes that the base interest rate will be raised again.

Currency experts predict that the dollar might stay stronger for an extended period.

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