US Dollar And Stocks Tumble On 22-Year High Jump In Unemployment
Posted on June 06, 2008 at 10:48 AM EDT
The NFP lottery results are out. The US dollar slipped against many currencies such as the Euro, Swiss franc and British pound when it was reported today that the US unemployment rate jumped to 5.5% in May from 5% percent in April, much worse than the 5.1% expected by most market participants. Not only is [...]