Fundamental Updates \Nick Nasad \ 2:14 PM EST \ March 5th, 2010
Recap: With the US economy losing less jobs in February (-36K) than expected, and the unemployment rate remaining at 9.7%, the forex market showed risk appetite helping to boost higher yielders and commodity/growth linked currencies like the Australian Dollar. The Yen, reclaiming its mantle as top funding currency of carry trade slid during the day.
Daily Video Recap: Less Jobs Lost Than Expected, Risk Appetite Favors Higher Yielders
Fundamental Updates \ Nick Nasad \ 2:14 PM EST \ March 5th, 2010Recap: With the US economy losing less jobs in February (-36K) than expected, and the unemployment rate remaining at 9.7%, the forex market showed risk appetite helping to boost higher yielders and commodity/growth linked currencies like the Australian Dollar. The Yen, reclaiming its mantle as top funding currency of carry trade slid during the day.
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