US Jobs Bring Upside Surprise

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03-08-2010, 02:41 AM

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US Jobs Bring Upside Surprise

U.S. Dollar Trading (USD) was strong initially after the February Payrolls beat expectations at -36k vs. -56k forecast. The gains were short lived however as stock markets extended gains and yen crosses staged major short covering rallies. Also of note, February Consumer Credit turned positive at 5bn vs. -4.2bn forecast....

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