Day: November 2, 2007

New Work Places Sink Dollar

For some strange reasons good data on October nonfarm payrolls which came out today had a very bad impact on dollar’s pricing against major currencies. With 1.4524 on EUR/USD greenback fell down to its new historical minimums as with Canadian dollar — USD is now worth only 0.9326 CAD. Monthly nonfarm payrolls is one of the most looked at health barometers for U.S. economy. With a very weak […]