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Day: November 7, 2008
November 72008
Nonfarm Employment Down, Supports EUR/USD
EUR/USD is up today after two days of decline. Employment statistics is hurting the dollar during the last two days and the bets that the Fed will have to continue cutting the interest rates become more popular. EUR/USD is currently trading near 1.2748. Nonfarm payrolls declined by 240,000 in October — thats even more than the analysts expected (200,000), being quite pessimistic. Septembers decline was also […]
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November 72008
Dollar Falls Before Employment Report
The U.S. dollar declined against the euro and the British pound as the traders expect that the release of the important employment data from U.S. will show the worst contraction since 2003 today. After two days of falling against the Japanese yen, the U.S. currency is currently standing almost unchanged after losing somewhat during the Asian trading session. The bad […]
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