jobless

The USD growth caused by the non-farm payrolls

Friday will bring us information of new non-farm payrolls release. And this fact caused a definite growth of the United States dollar. Moreover this fact accompanied by growing jobless rate and decreasing manufacturing ISM may easily make the traders to pay fewer attention to the current situation.

The USD is growing but is everything so good?

The recent US economic numbers are quite low but the USD keeps strengthening. The level of the jobless claims turned to be less then 400 k still these numbers are to big. The number of new job claims reached the point of 372k. As for the prospects we suppose the US labor market will continue to fall as there are new layoffs almost every day. For instance, Merrill Lynch fired 4000 of its staff and New York Times is going to cut 100 jobs. We have already considered the amount of US layoffs previously in this month.

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