FREX-US dollar rebounds as jobs data not bad as feared

The News Review:

- FREX-US dollar rebounds as jobs data not bad as feared
- Taiwan stocks hit 2-wk low T$ falls in weekend trade
- FREX-US dollar drops vs yen as Wal-Mart jobless weigh
- Forex Trading |Class #22 Bull Flags and Bear Flags| FXReturn.com
- Forex News and Rumors
- FREX-Dollar falls broadly as euro recoups losses
- FX UTLK-Rising dollar set to extend gains ECB in focus

FREX-US dollar rebounds as jobs data not bad as feared
Reuters 
pct * Euro pressured by mixed euro zone economic data (Recasts adds comments U. data updates prices changesbyline dateline; previous LNDN) By Gertrude Chavez-Dreyfuss NEW YRK Jan 9 (Reuters) – The dollar rallied across theboard on Friday in volatile trading with investors relieved bydata showing U. job losses in December were not as dismal asmany had feared. Traders had positioned themselves for a gruesome non-farmpayrolls number following a U.

Taiwan stocks hit 2-wk low T$ falls in weekend trade
Reuters 
fficials of both firms were notimmediately available for comment. [ID:nTP73548] Volumes were thin in the stock and forex markets asregional markets were closed. “Some foreign institutions conducted outflows but franklythere weren’t many people trading today” said a forex dealer. Better-than-expected U. jobs data boosted the U.

FREX-US dollar drops vs yen as Wal-Mart jobless weigh
Reuters 
weekly jobless claims Wal-Mart sales hurt dollar * Dollar falls vs yen as risk aversion returns * Stg bounces as BoE delivers 50 bps rate cut as expected (Recasts adds quotes updates prices; changes bylinedateline previous LNDN) By Gertrude Chavez-Dreyfuss NEW YRK Jan 8 (Reuters) – The U. dollar tumbled againstthe yen on Thursday as falling stocks worldwide and weak salesat U. retailer Wal-Mart tempered the market’s appetite forrisk and reignited worries about the global economic outlook.

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Forex News and Rumors
ANDA Forex Blog Canada 
Labor Department announced that December’s unemployment rate rose to 7. 2 percent matching the highest level since 1993.

FREX-Dollar falls broadly as euro recoups losses
Reuters 
ADP report in focus ahead of non-farm payrolls (Adds quotes updates prices changes byline) By Tamawa Desai LNDN Jan 7 (Reuters) – The dollar fell broadly onWednesday reversing sharp gains against the euro earlier in theweek as concerns over the U. economy and expectations forcontinued low U. interest rates overrode earlier optimism.
Related from Yolog: Euro Falls Most Against Dollar Since ctober on ECB utlook

FX UTLK-Rising dollar set to extend gains ECB in focus
Reuters 
“The world economy is still being viewed as a whole and ifthe U. is losing jobs at this rate what is going to happenin Europe” said Joseph Trevisani chief market analyst atForex Solutions in Saddle River New Jersey. He said the European Central Bank will cut its benchmarkinterest rate now at 2. 5 percent by at least a quarterpercentage point on Thursday and possibly by a half point. That analysts said should dull the appeal of the eurowhich had enjoyed a brief boost in December after the FederalReserve and Bank of Japan cut interest rates to near zero. Ratings agency Standard & Poor’s decision to put Greece’ssovereign credit rating on negative watch and to cut Ireland’soutlook shed more light on the troubles facing the 16-countryeuro zone and added to pressure on the ECB to act said GFTForex analyst Kathy Lien.

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