SubscribeUS Session: Dollar Rebounds Off NFP Data While Political Controversy Hurts Sterling
June 5th, 2009 • Related • Filed Under
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The USD saw a brief downturn against a basket of currencies following the release of U.S. unemployment numbers for May, but began to rally shortly thereafter. . The U.S. dollar index dropped to 79.33 following the reported 345k jobs lost; much better than the 520k forecast. The labor department said the unemployment rate rose to 9.4%, the highest since July 1983. The EurUsd saw a sharp decline… | ||||||||||||||||||||
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