January 10, 2010
Bearish Jobs Data Weakens Dollar; Charts Indicate More Downside Pressure Likely
The U.S. Dollar finished sharply lower on Friday following the release of a U.S. Non-Farm Payrolls Report which showed the economy lost 85,000 jobs in December. This bearish number
surprised traders who were looking for evidence that the U.S. economy stopped losing jobs in December.
Economists were looking for December Non-Farm Payrolls to rise by 10,000. Most came to this conclusion because of weekly initial claims and other employment index reports. However,
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