European Session: Waiting on NFP

09/04/09 by Daily Forex Snapshots  
Filed under Forex & Futures

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G10 Advancers and Decliners vs USD
GBP 0.16
EUR 0.06
CHF 0.04
JPY -0.11
The US Dollar continued its weakness against the majors as US stocks ended their 4 day losing streak as Chain store sales exceeded forecast and Chinese equities rallied the most in six months. Chain stores such as Costco rallied 8.6%, Gap rallied 7.6% while Alcoa and Caterpillar helped move the Dow Jones index higher as the Shanghai Composite Index rallied 4.8%.

Despite higher Jobless Claims…

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