By CountingPips.com
The US Dollar has continued to show strength in the forex market today against the other major currencies after rallying at the end of last week. The dollar gained sharply on Friday after the government non-farms employment data came in better than expected with a decline of just 
247,000 jobs following June’s 443,000 decrease. The unemployment rate also edged down for the first time in fifteen months.
Today, the dollar has increased versus the euro, British pound sterling, Swiss franc, Australian dollar and Canadian dollar while falling against the Japanese yen and trading virtually unchanged versus the New Zealand dollar.
The EUR/USD pair has declined from today’s opening rate of 1.4202 at 00:00GMT to trading to 1.4131 at 2:50pm ET in the U.S. trading session according to currency data by Oanda.
The GBP/USD has sharply declined from today’s opening level at 1.6713 to trading today at 1.6456 for over a 200 pip loss.
The US dollar has fallen today against the yen as the USD/JPY opened today at 97.27 and has advanced to trading at 97.04. The dollar has bumped up today versus the Swiss franc as the USD/CHF has gone from the 1.0811 opening rate to trading at 1.0865.
The dollar has increased today against the Canadian loonie by almost 100 pips as the USD/CAD has advanced to trading around the 1.0909 level today after opening at 1.0818.
The Australian dollar has fallen versus the US dollar today as the AUD/USD has declined to the 0.8342 level after opening at 0.8392. The New Zealand kiwi has traded almost unchanged against the dollar as the NZD/USD has edged up to the 0.6741 level today after opening the day at 0.6734.
GBP/USD Chart – The British Pound falling sharply today against the US Dollar in Forex Trading and the GBP/USD has declined by more than 200 pips.
