Forex | Forex | U.S. Non-Farm Payroll Report Shows Smaller Loss than Consensus (07/08/2009 13:07:59)

U.S. Non-Farm Payroll Report Shows Smaller Loss than Consensus

The July U.S. Non-Farm Payroll Report showed a loss of 247,000 jobs.  This number was lower than the pre-report estimates.  The revision in May and June also showed a downward revision.   The U.S. Dollar is trading lower on the news as traders once again renew their demand for higher risk assets.  The Dollar is expected to weaken throughout the day as this number is definitely better than expected.   The GBP USD and EUR USD are gaining back some of their losses from


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