Forex Updates-USD fell and the Euro was steady

On Monday the USD went down, striking its lowest in seven weeks on the euro and seven months on the AUD, as investors got encouraged by slowing U.S. job losses extended diversification into other currencies.

As seen on recent Forex updates, the USD  index strike a fresh four-month low, following through on a fall on Friday after data showed the U.S. economy discarded  539,000 jobs in April, fewer than expected and increasing  expectations the worst of the economic fall may be ended.

The USD eased 0.2 % to 98.24 JPY. The Euro was stable at 134.21 Yen after temporarily beating a one-month high at 134.80 prior.

The NZD went above $0.6100 reaching to its highest in six months and the AUD for a short time hitting a fresh seven-month peak in early Asian trade at $0.7714 before falling to $0.7655.

The kiwi was 0.5% up at 59.88 Yen but the AUD fell 1% to 75.37 yen destabilized by profit-taking after it struck a seven-month peak in early trade at 76.15 Yen.