Friday, February 4, 2011

Forex news USD:Claiming the benefit of U.S. promises good payrolls

Before tomorrow's important data on the U.S. labor market is now growing evidence that the results can be matched with the most optimistic expectations (consensus forecast is now around 140,000). Recent data on the weight of added benefits such assumptions - for the week ended January 29, the number of initial applications for benefits fell by 42,000 to 415,000, while the number of repeat orders fell by 84,000 to 3'925 thousand. This is a very good data followed by strong data from ADP and record levels of employment components from the January ISM. The dollar would add minimally to the last hours, even though he helped the euro after Trichet's concern to reduce the inflation, which is poured into the assumptions of the market to raise rates in Europe, due to accelerating inflation.

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