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U.S. Payrolls Decline 17,000; Jobless Rate at 4.9% U.S. Payrolls Decline 17,000; Jobless Rate at 4.9%
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Old 02-01-2008, 09:05 AM
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Default U.S. Payrolls Decline 17,000; Jobless Rate at 4.9%
Ugly payrolls numbers:

Feb. 1 (Bloomberg) -- The U.S. economy unexpectedly lost jobs in January for the first time in more than four years, adding to the case for the Federal Reserve to lower interest rates further next month to head off a recession.

Bloomberg.com: Worldwide
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Old 02-01-2008, 12:16 PM
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The weak payrolls numbers suggest that the fed must continue to cut rates (another 50bp in March?) - leading me to expect further weakness in the USD....
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Old 02-01-2008, 04:23 PM
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Originally Posted by dannybly View Post
The weak payrolls numbers suggest that the fed must continue to cut rates (another 50bp in March?) - leading me to expect further weakness in the USD....

Unless that weakness was already built into the price?
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