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The USD gets hit after the number

Posted by Greg Michalowski on Fri, 01/04/2008 - 8:43am in

The Fed will be concerned about the job growth and especially the Unemployment rate rising to 5.0%. This may lead to a 50 basis point cut at the end of the month (market is starting to price this in). Bearish for the USD

Good producing jobs -75,000. Constrction -49,000. Factory jobs -31,000. Service Providing jobs +93,000. Retail -24,000. Government +31,000.