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07.12.2012 06:59 PM
Fundamental Analysis For December 07, 2012


The employment report for the U.S. November captures the attention of investors. Now it gives the strength of the U.S. dollar against major currencies.

Previous there was data data about creation of almost 80,000 jobs last month, up from 171,000 in October. The unemployment rate would be, meanwhile, unchanged at 7.9%.

The price impact will be immediate, but the real movement will come with the opening of the American session, starting at 9:30 ET. That is when Wall Street interprets the data and actions begin to manage currencies, at least during the first hours of the session.

European currencies faced this fact with very bearish trends, accentuated in the euro and the sterling and a little less in the Swiss franc. Statements made by the President of the European Central Bank on Thursday hit hard on the euro. The currency lost as slightly bullish trend accelerated its short-term, which had been the first weekdays.

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