Sunday, 3 June 2012

The Bad News Keeps Coming

So despite May being behind us, June has not started well. 

U.S Jobs numbers dissapointed, dropping to their lowest point in some time and well below expected. Officially 66K new jobs were created, well below the 150K+ that had been tipped.

U.S and european equities got smashed, DAX down 3.2%, while the Nasdaq was down over 2.5%.

Germany's agrees to give spain more time to reduce its deficit.

Upcoming Data: Australian RBA cash rate decision tomorrow

followed by jobs number on Thursday!

Read the full report at

Exchange Rate Today Blog

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