USD Dollar (USD), Daily Review, Feb 8 2010

08 Feb, 2010 @ 07:18 pm AEST | written by UFX Bank

The Dollar gained versus all majors except the Yen after investors continued to flee stock, commodities and other higher risk assets and turned to the safety of the Dollar. Non Farm Employment Change came out worse showing 20K more workers lost their job, but Unemployment Rate came out 9.7% better than 10% expected. NASDAQ and Dow Jones gained by 0.74% and 0.1% respectively after a volatile trading session mostly on the negative end. Crude Oil dropped by -1.71% closing at 71.19$ a barrel. Gold (XAU) remained unchanged at 1,065.6$ an ounce. No economic data expected today.

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