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Posts Tagged with ‘Nonfarm Payrolls’

May 2, 2008 - Nonfarm Payrolls might Push the Greenback Further Up

Yesterday the US dollar continued its week long success as it gained against a basket of major currencies, namely the Euro. The popular pair traded in the mid 1.54 level as it looks prime to post two straight weeks of gains for the first time in 2008. The bullish movement for the greenback kept strong despite concerns over today's non-farm payroll figures. The overall impression by investors regarding the dollar is improving, as many believe the worst of the US economic problems are behind us. Following Wednesday's US Interest Rate cut by th... ( read more )