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Friday, January 05, 2007

Dollar gets a lift

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Dollar gets a lift as NFP surprises to the upside in significant fashion.

Very good figures out of the US NF Payrolls were beating all estimates and the previous figure for November was revised higher at the same time.

Very positive for USD and Negative for fixed income

This could set in motion another wave of speculations about rate hikes.

Remember, that jobs data from Canada and the Euro-Zone were also good today.

Look for new lows in fixed income

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