Market Moving News: DLR MAJ - Feb 8

on February 08 2010 9:05 AM

DLR MAJORS - Dollar dipped immediately after release of a 'mixed' U.S. jobs report, U.S. employers cut 20k jobs last month n Dec figure (losses) was revised downward fm 85k to 150k whilst unemployment rate fell to 9.7% fm previous month of 10%. Eur/usd rebounded briefly to 1.3737 n quickly retreated n usd/jpy fell to 89.12 b4 climbing to a fresh intra-day high of 89.89. Choppy trading is expected but dlr vs European currencies will be bot on dips.

P.S. G7 finance ministers will gather for meeting this weekend in northern Canada this weekend, so expect volatile trading in following Monday's NZ/Aust sessions.

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