Daily Review USD Dollar (USD) - 06/11/2009

06 Nov, 2009 @ 04:11 am ET | written by UFX Bank

With continues rally in stocks the Dollar weakened as investors wait for today's payrolls data. Weekly Jobless Claims showed the labor market has enhanced slightly, to 512K vs. 520K expected. Also, the Nonfarm Productivity came out 9.5% better than expected 6.4%. The Equity markets soared, the Dow Jones finished above 10,000 for the first time since late October. The NASDAQ jumped 2.40% and the S&P 500 rose 1.92%. Gold (XAU) ended at $1,090 an ounce and crude oil pulled to levels below $80 a barrel. Today, The Nonfarm Payrolls data expected at -166K vs. -263K previously. The Unemployment Rate is expected at 9.9% vs. 9.8% previously.

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