Mon, Jan 11 2010, 09:25 GMT
by John Clarke
ODL Securities | View company's profile
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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Published on Mon, Jan 11 2010, 09:33 GMT
ODL Securities Limited
| The Northern & Shell Building 10 Lower Thames Street London EC3R 6AD
http://www.odls.com/ | info@odlsecurities.com
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