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Daily Video Recap: Dollar Extends Weakness Post-NFP
Written by article default Friday, 08 October 2010 02:53
A weaker than expected US non-farm payroll report gave more fuel to expectations that the Fed will begin some form of quantitative easing soon. That pressured the US Dollar against its major rivals. The USD/JPY sliced through the 82 level, pushing to fresh 15-year lows. Other higher yielders cut their earlier overnight losses to the Dollar.