| US Dollar Extremely Choppy After US Non-Farm Payrolls Fall By Least in a Year, Unemployment Rate Surges to 9.7% (Daily FX) FX markets have been extremely choppy this morning after US unemployment data fell into two ends of the spectrum: surprisingly optimistic and deeply disappointing. Starting with the good news, non-farm payrolls fell by 216,000 in August, which was less than forecasts for a drop of 230,000 and the slowest pace of job losses in a year. us.rd.yahoo.com |
IMF says global economic recovery has begun (Reuters) The International Monetary Fund on Thursday declared that a global economic recovery has begun led by Asia, also cautioning that the strength of the rebound depended on a rebalancing of global growth. us.rd.yahoo.com |
Euro higher at $1.4982 in European morning trade (AP) The euro was higher against the U.S. dollar Monday after the euro zone showed more evidence of emerging from recession last week, pushing investors to other currencies besides the greenback. us.rd.yahoo.com |
Speculators Pile on US Dollar Long Positions (Daily FX) Speculators have significantly increased US dollar long exposure. While this hints at a short term pullback in the USD, it is a sign that the larger trend has reversed. us.rd.yahoo.com |
Dollar Outlook: Kiwi may hold above US70c as OCR, Aust CPI loom The New Zealand dollar, which tumbled 3.9 per cent last week on reduced risk appetite, will likely hold above 70 US cents over the next five days as investors await the central bank's interest rate review and inflation data in Australia,... nzherald.co.nz |