Saturday, 5 December 2009
The Non Farm Payrolls data very positive for the USD:
The Non Farm Payrolls data yesterday was very positive for the American currency. The number posted was that U.S. Economy only lost 11,000 jobs. This is big news because the number was supposed to be - 119k so that means that the estimate was 108,000 off. The currency pair EUR/USD moved with about 180pips downside in favor of the American Dollar and the market reacted with strong movements. The market closing price of the pair 1.4843
Posted by
Dobrin Stoimenov
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Forex Trading News