6/6/2008 - The Current Market Sentient |
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The most waited non-farm payroll of May came at -49k with high unemployment rate at 5.5%. The data were dovish after the optimistic the release of May ADP which could underpin the greenback by the release of the non-farm payroll of April. May ADP was expected to be -30k and it has come positively by 40k surprising the market. What added to the greenback owes was its huge one day decline versus the oil which reached more than 6$ until now. The single currency could add more gains today versus
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