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Day: July 2, 2008
July 22008
Dollar Goes Down on Job Losses
EUR/USD grew today to its monthly maximum and remained well above the yesterdays close level after the bad data on employment was released in U.S. today. Other economic releases failed to support the dollar today. ADP employment report surprised markets with 79k drop in jobs in June, whereas the forecast was a 40k decline. This was the first drop in employment since February according […]
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July 22008
Dollar at 2-Month Minimum versus Euro
The U.S. dollar reached its lowest value against the European currency in more than two months today as the traders are waiting ADP report on the June jobs dynamics and expect it to show a first decline in four months. Automatic Data Processing, Inc. reports on the employment in the non-farm private business sector each month, relying on the private data of its business clients. June […]
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