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Daily Video Recap: NFP Surprises to Upside, USD Mixed; Euro Stumbles on Debt Woes
Written by article default Friday, 05 November 2010 10:06
Today’s Non-Farm Payroll report came in better than expected, with the economy adding 151K jobs in October. That helped boost risk appetite for commodity currencies like AUD, CAD and NZD. It also helped stiffen the USD against the JPY and EUR. The Euro was pressured by sovereign debt woes, and we look at EUR/CHF and EUR/GBP. Overall, it was a very busy week and one in which there is much to digest about the way forward in currency markets as we now know the layout of the different central bank’s thinking.