The Dollar continued to trade lower following Fridays disappointing non-farm payroll figures. Whilst some analysts expected jobs being created in December, the official number highlighted 85,000 job losses. Strong numbers from Asia - Chinese govt announced an 18% rise in exports in December - helped the move lower.
- The US Dollar Index slid on poor economic data, and lighter than usual volumes - the Japanese markets closed for Coming of Age Day.
- The US Dollar is now trading at 4 week lows
- St Louis Fed Reserve President stated that US interest rates would remain lower for quite some time
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