GO Markets - FX Market Commentary

By Chris Gore
07 February 2010 @ 06:31 pm EDT

In another sentiment driven session in the US on Friday the greenback moved in accordance to investor reaction to the latest jobs data.  Non-farm payrolls showed the US economy shed 20,000 jobs in the month of January, against expectations of 15,000 new jobs created. December's payrolls which originally reported 85,000 were also revised to 150,000 jobs cuts. Despite the decline, the US unemployment rate fell to 9.7 per cent due to positive revisions for November's data which was revised upwards to 64,000, from the originally reported 4,000 new jobs created.

IBTimes Forex Experts

E-Newsletters

We value your privacy. Your email address will not be shared.