SubscribeDaily Forex Commentary for October 2, 2009
October 2nd, 2009 • Related • Filed Under
October 2, 2009
Dollar Rallies on Worse than Expected U.S. Non-Farm Payroll Report
The U.S. Non-Farm Payroll Report came out worse than expected. Traders were looking for a loss of between 175,000 and 225,000 jobs. The actual number showed a loss of 263,000 jobs. The biggest job losses occurred in construction, manufacturing, retail and the government. Healthcare was positive.
The U.S. Dollar is gaining ground against major currencies except the Japanese Yen. Investors are looking at this report as a sign that the government stimulus plan may not be working. Traders …
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