US Payrolls Data Propels EUR/USD to 6-Week Low

by gracecheng | January 7, 2007 at 06:11 am
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The US dollar is truly enjoying a boost in the new year. A well-above-forecast rise in US non-farm payrolls
provided the muscle for USD to strengthen across the board on Friday.
Non-farm payrolls increased by 167,000 jobs last month, after growing a
revised 154,000 in November and 86,000 in October. Market forecasts
called for a 115,000 December rise, but a very weak employment..

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