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Friday, January 06, 2006

US Dollar Stumbles Into 2006

The Dollar took a moderate tumble this morning after the less-than-stellar non-farm payroll report. Markets were expecting 200,000 new jobs last month, and only 108,000 materialized, although there were big revisions to November's number. After the morning slip, the majors fell into tight ranges to close out the first trading week of the year.