Business

Cipinet Web Directory
Web directory with human edited content rich websites organized by topics in specific category. Submit your web site to get listed.

My hitcounter

Thursday, November 12, 2009

***Please note there will be no US FX Trading Summary between 11/9-11/27.***


The major currency pairs teetered within a close range in the Friday session, whipsawing sharply following the release of the October US unemployment report. The euro slid from above the 1.49-level to a session low at 1.4814 while the yen jumped to 89.62 against the greenback.The October labor report was worst than expected, with the unemployment rate climbing to a fresh 26-year high at 10.2% versus 9.8% from September. The non-farm payrolls figure revealed a loss of 190k jobs in October, worst than the forecasted loss of 175k jobs from a downwardly revised September reading of 219k jobs lost. The worst than estimated jobs data sent US equity futures lower and pushed the greenback higher on a shift from riskier assets

No comments:

Post a Comment