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Friday, September 01, 2006

The Dollar Has Perked-Up

After this morning's non-farm payroll number, the Dollar has perked-up, though the move has a gradual feel to it. In terms of the actual number, 128,000 jobs were created in August, while the unemployment rate slipped from 4.8% to 4.7%. This time around, analysts seem to have pegged the number with great accuracy, leaving markets, thus far, little changed. At first glance, the figure probably does not alter the Fed's current thinking, and a continued pause next month remains likely. Read More....