Riskier Currencies Turn Bullish Following US Unemployment Rate
Posted on October 08, 2012 at 09:15 AM EDT
The US dollar took losses against several of its main currency rivals on Friday, following the release of this month's Non-Farm Payrolls report and unemployment rate. An unexpected drop in the US unemployment rate raised confidence in the American economic recovery, which in turn boosted demand for higher-yielding assets. [More...]