Daily FX Report - Friday 4th December 2009

 @ibtimes
on December 04 2009 4:55 AM

All eyes today will be on the release of non farm payroll data, scheduled for release at 1330. Analysts polled expect there to be a 125,000 jobs lost in November, compared to 190,000 lost in October. This will provide dollar traders with some directional bias in the afternoon, but at present, the Dollar Index traded slightly higher, up at 74.77

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Market News - Today’s figures will show job losses for the 23rd successive month, the longest negative streak since the 1930’s - US unemployment is at 10.2$, the highest rate since 1983 - Chinese fx regulator commented that a strategy of keeping USD as a key part of their reserves

Major Economic News

TIME

MARKET DATA

1330

Non farm payroll figures

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