Weak U.S. Economy May Not Mean Weak Dollar This Time

By James A. Hyerczyk
08 November 2009 @ 01:05 pm EDT

The U.S. Dollar closed trading mixed after trading in a range most of the day following the release of a poor October jobs data report.  The loss of 190,000 jobs was somewhat of a surprise. Traders were positioned for a loss of 175,000 jobs. The unemployment rate climbed to a 26-year high to 10.2% and the world didn't fall apart.  Traders either believe this is the bottom in unemployment or they have become complacent which could mean huge volatility is looming.

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