05-07-2010, 01:12 PM
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Superior Investor
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Join Date: Sep 2008
Posts: 11,435
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Mid-Day Report: Dollar Steady after NFP, CAD Boosted by Record Employment Growth
Dollar remains steady in early US session after stronger than expected Non-farm payroll report. Job market in US expanded by 290k in April, much stronger than expectation of 180k. Prior month's figure was also revised up from 162k to 230k. However, unemployment rate unexpectedly climbed from 9.7% to 9.9%. Markets reaction is so far muted as the greenback is staying in range against major currencies.
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