SubscribeAsian Session: NFPs disappoint as ECB stays put on rates, low volumes today for 4th July holiday.
July 3rd, 2009 • Related • Filed Under
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NFPs disappoint by showing a -467K decline in payrolls, 100K more than the consensus. This underlines the vast layoffs from the GM and Chrysler debacle and the continuing difficulty to revive the economy. The EURUSD dropped from it’s high 1.41s as low as 1.3930 before rebounding. While the pair broke it’s range momentarily only a healthy breakout below the 1.3900 support will prove sufficient… | ||||||||||||||||||||
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