Aug 01 2014
After U.S. Nonfarm Jobs Gains Trail Forecast Dollar Drops Quickly
Rate Range Projection by Bank
Next week 102.50- 103.50
Next 3 months 100.00 - 105.00
The below is a topic from market news
The dollar fell against the yen and euro as payrolls trailed estimates and the unemployment rate increased. The dollar dropped from a four-month high after U.S. employers added fewer jobs than forecast last month, reducing speculation the Federal Reserve will move up the pace of interest-rate increases forecast for next year. An index of developing-nation currencies dropped to a four-month low as Argentina’s default hurt appetite for riskier assets.
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