The Nonfarm Payroll Report for October 2009 showed a loss of (only) 190k jobs in the US with the unemployment rate spiking to 10.2 percent from 9.8 percent.
So, the two sides of this coin are less jobs being lost, but more people unemployed.
The report appears to have sparked some risk aversion in the forex markets with the US Dollar staging a very minor rally initially and the Yen pairs selling off.
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US Unemployment Rate Tops 10 Percent
Friday November 6, 2009
Fed To Market: Dollar Carry Trade Continues
Wednesday November 4, 2009
The Federal Reserve released their monthly rate setting statement after their FOMC meeting for October 2009.
The key statement of the release was: Read more...
RBA Hikes to 3.5 Percent
Tuesday November 3, 2009
The Australian Central Bank hiked interest rates on the Australian Dollar(AUD) by 25 basis points from 3.25 percent to 3.5 percent.
The central bank cited continued return to growth for the Australian economy and moderated inflation. Read more...
The central bank cited continued return to growth for the Australian economy and moderated inflation. Read more...
CIT Files Bankruptcy Forex Markets Jittery
Monday November 2, 2009
The CIT Group (not to be confused with CitiGroup) filed for a prepackaged bankruptcy protection before the markets opened this week.
So far reaction has been restrained and direction-less, however it’s worthwhile to note that volatility is going up as evidenced by the rise in the VIX over the past week.
Read more...
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