Trading Currency - A Summary |
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Previous Currency Market Session Overview The USD had a quiet overnight session with exceptionally light volumes in anticipation of the 4th July holiday weekend leaving only the European FX market active. NFP data came in far worse than expected, -467k against a forecast of -325k taking the unemployment rate to 9.5% versus an expected 9.6% - a small crumb of comfort, I am sure. The US Dollar and Japanese Yen have tended to trade in an inverse relationship to levels of risk
Filed under: Fundamental
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