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Nonfarm Payrolls On Tap Today

Yesterday the greenback saw mixed results against most of its currency rivals. The USD fell to a two-month low against the EUR after the ADP reported that NonFarm Employment in the US will fall hard in June. The EUR/USD pair rose just above 60 points yesterday ending the trading day at 1.5859. Versus the JPY the USD fell to 106.05 from 106.68, and after gaining some ground versus the CHF in the early part of the day going as high as 102.30, the greenback ended up losing 100 points closing just above 101.30 .The dollar did pick up points yesterday as the GBP/USD pair fluctuated between 1.9926 and 1.9850 after a scare in the housing sector in the UK when housing shares fell broadly shaking prices and confidence.
The ADP report looks to be the real indicator of what today’s movement will likely be, as the numbers show that there […]

Original post by Forextvblog

This entry was posted on Thursday, July 3rd, 2008 at 1:18 am and is filed under currency trading, forex, Nonfarm Payrolls. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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