Forex | Forex | Choppy trade builds suspense over non-farms (06/08/2009 01:08:38)

Choppy trade builds suspense over non-farms

The Fed was on the buy side again today; they purchased $7.248 billion of the $17.913 offered by dealers in the 2013 to 2016 range. Also helping the early morning market bid, the payroll firm ADP announced that it is predicts that the U.S. economy lost about 371,000 jobs last month. This was a little less than expected and seemed to have put traders on their toes going into Friday's numbers. Nonetheless, the buying frenzy eventually dried up leaving Treasuries well into negative territory by


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