Market Moving News: USD VS - Mar 8

08 March 2010 @ 09:05 am EDT

USD vs Majors.. U.S. Feb nonfarm payrolls dropped 36K vs street forecast of -50K, this better-than-expected figure lifted global stocks, prompting an immediate sales of yen vs other currencies. Dlr/yen jumped n yen crosses fell across the board. Expect dlr/yen to be bid as stops on recent shorts have been triggered after price shot abv 89.51 res.

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