USD Trading Outlook (09-01-2012)
U.S. Dollar Trading (USD) better than expected US NonFarm Payrolls at 200k vs. 150k did little to reverse the negative market sentiment coming out of Europe and stocks closed negative. The Unemployment Rate dropped to 8.5% vs. 8.7% forecast as more people stopped looking for work. In US stocks, DJIA -55 points closing at 12359, S&P -3 points closing at 1277 and NASDAQ +4 points closing at 2674. Looking ahead, November Consumer Credit forecast at 7bn vs. 7.65bn.
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