Forex | Forex | Payroll confusion leaves currency traders in a spin (04/09/2009 14:54:13)

Payroll confusion leaves currency traders in a spin

Friday’s employment report has offered little fresh insight over and above what we already knew about potentially weak consumption ahead. The currency market was primed for a violent reaction and indeed was provided with the opportunity to gyrate in both directions thanks to a lower payroll number accompanied by a higher overall rate of unemployment at 9.7%. The dollar’s reaction is rather curious and while the greenback has settled to virtually unchanged against the dollars of Australia and


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