GO Markets - FX Market Commentary

By Chris Gore
19 November 2009 @ 06:24 pm EDT

Risk aversion saw the greenback gain the upper hand overnight as US equity markets lost ground under the weight of renewed recovery concerns. Despite weekly Jobs figures showing that new applications for unemployment held steady at a 10-month low, the balance of risk fell to the greenback carrying on from yesterday's Asian session, which saw investor's return to the low yielding Yen and US Dollar. US Jobless Claims for the week of November 14 remained unchanged at 505,000. A small concession was Continuing Claims which fell by 39,000 to 5,611,000 on the week of November 7.

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