This week was very positive for the US dollar as the US economy showed the signs of the sustainable growth, but the end of the week spoiled the positive sentiment to some degree as the labor market wasn’t as strong as was expected.

The Canadian dollar soared today after the report showed that the Canadian employers added more jobs than the market participants expected and as the unemployment rate in the US dropped, suggesting that the economic recovery in the North American nations are gaining momentum.

The Great Britain pound rose today as the forecast that Britain’s economy would prove stronger than the economy of the European Union amid the fiscal crisis outweighed the negative impact of the poor US non-farm payrolls.

The euro extended its losses today amid the threat of the sovereign-debt crisis, which may slow the economic growth in the Euro-region and further damp the demand for the shared European currency.

The Polish zloty dropped today for the third day after it surged at the beginning of this week, causing the speculation that the currency is overbought.

The rally of the US dollar weakened its Australian counterpart as the drop of commodities, which was cause by the rally of the greenback, damped the appeal of the commodity currencies.

The US dollar rallied as the improving labor market in the US increased the attractiveness of the greenback, while the equities and the commodities declined.

The South African rand extended its decline versus the US dollar today as the favorable US economic reports strengthened the dollar, while the slump of commodities weakened the rand.

The Great Britain pound weakened today after the report showed that Britain’s services PMI dropped lower than was forecast by the analysts as a result of the poor weather and snow.

The Canadian dollar rallied today after the significant growth of the US employment boosted commodities, including crude oil, and stocks, increasing demand for the currencies linked to economic growth.