Daily Forex Commentary January 7, 2010

January 7, 2010

Forex Traders Looking for Friendly U.S. Jobs Data

The U.S. Dollar held on to most of its gains as traders await Friday’s U.S. employment report. On Thursday, the Weekly U.S. Initial Claims report showed that fewer workers filed for
unemployment benefits last week. This news helped boost an already strong Dollar. The ability to hold on to its gains into the close may be an indication that investors are anticipating a friendly
U.S. Non-Farm Payrolls Report tomorrow. Volume has dropped off noticeably which is a strong …

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