USD Trading Outlook (10-12-2012)
U.S. Dollar Trading (USD) The USD enjoyed solid gains on Friday after the November Nonfarm Payrolls came in much stronger than forecast. November NFP came in at 146k vs. 93k forecast and the Unemployment Rate fell to 7.7% vs. 7.9% forecast. USD/JPY shot higher but was reversed later in the session as Dollar buyers took profit although stock markets held onto gains. Looking ahead, no economic data released.
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