U.S. Non Farm Employment Data – The Hope for US Dollar

After the Economic Data released in US the analysts are awaiting the Non Farm Employment Data to be released 12:30 GMT today. This is going to be the biggest news in the United States as the current economic & unemployment data released is not impressive. 

 

This week turned out to be very bad for US dollar & the analysts are not expecting any positive recovery in next week for the US dollar. The unemployment in US rose by 13000 people this week.

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US Economic Data Released- USD Falls

The USD depreciated against all its counterparts after the release of economic data as it was disappointing in the sense that it shows that the economic recovery has been slowed in the United States.
Today the US economic data was released & was not very good for investors. The data shows negative points raising concerns over the economic recovery in United States. As the data suggests the economic recovery is slowing in United States. The manufacturing growth in US has also been slowed as can be seen from the manufacturing index as published by The Institute for Supply Management. The manufacturing index dropped to 56.2 in the month of June from 59.7 in the month of May 2010. The home sales in US tumbled by almost 30 percent in the month of May.

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