USD Trading Outlook (08-10-2012)
U.S. Dollar Trading (USD) investors enjoyed gains right after the release of the September Unemployment Rate which dropped to 7.8% vs. 8.1% previously. Most of these gains were reversed later in the day as research notes tempered the strong number. Analysts believe the number is a blip and that next month the rate will move back towards 8.0%. The actually nonfarm Payrolls change was at 114k vs. 113k previously with large revision. Looking ahead, Holiday in US for Columbus Day.
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