USD Trading Outlook (11-10-2010)
U.S. Dollar Trading (USD) plenty of focus surrounding the disappointing September release of Non& ndash Farm Payrolls, which was released at -95K job loss, worse off than the forecasted rise of 1K jobs. Risk aversion played its part causing a rally in the USD before pairing much of its gains later on the session. Unemployment remained steady 9.6% from its previous. In other news the IMF has failed to find a solution to currency imbalances over the weekend, causing a volatile start to the week in Asia. In US share markets, the Dow Jones rose by 0.53%, the NASDAQ was higher by 18.24 points (0.77%) and the S& P rose 0.72%. Optimism that job losses could have been was the major cause for a rebound in wall street.
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