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The Dollar Strikes Back
The USD has had a resurgence since Friday’s better than expected non-farm payroll release; although the unemployment rate was steady at 9.6%, the headline October payrolls reading rose by +151k (+60k expected), and private payrolls grew by +159k (+80k expected). There were also significant revisions higher to last month’s reading to -41k from an initially reported -95k. With the big Fed QE2... ...More...
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