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NFP Astonishing Surprise, Dollar Rises
US Non-Farm Payrolls rose by a great 244K, defeating the bad signs seen before the release and the official expectations . A gain of 185K was expected. The unemployment rate rose to 9%. An unchanged rate of 8.8% was predicted, so this is a small disappointment. After some initial choppy trading, the dollar rises across the board, with EUR/USD falling to support and “safe haven” currencies falling in an unsafe way.
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