Payroll Gains Boost Greenback |
| May 06, 2011 | May 2011 Bond Updates |
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April payroll data offered a mixed assessment of the health of the U.S. labor market. An outright payroll gain of 244,000 was indeed strong, while a 268,000 gain across private sector employers was the highest in more than five years. Yet the 9% rate of unemployment worsened by two-tenths. Dealers took the opportunity to unravel recent strength in the safety valves of the Swiss franc and the Japanese yen, which both sustained hefty reversals as the dollar recovery revived on Friday. |
| View more at: http://blogs.forbes.com/greatspeculations/2011/05/06/payroll-gains-boost-greenback/ |
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