The dollar losing
continue using the moment of speculations about the situation in U.S. jobs
market. The traders speculate that today’s report will show U.S. Unemployment
rate at 5.0%. At the same time the world biggest economy will lose over 50 000
jobs. Also speculations for new Fed interest rates cut and the words of
Bernanke that the economy is in recession push the dollar at the levels close
to the record low against the euro. “We can see levels of 1.58 today even close
to 1.5903 the record levels since March 17th,” said George Marshal
market analyzer in World-Signals. The forecast of World-Signals.com is new
interest rates cut with half percent to 1.75% while is possible new cut with 75
bps to 1.5%. This will be the last interest rates cut according to George
Marshal and will keep for at least 12-months.
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