The U.S. dollar fell on Monday while the New Zealand dollar led other commodity-linked currencies sharply higher after dairy giant Fonterra lifted its forecast payout to farmer shareholders by almost 20 percent.
Stocks bounced around Friday as investors juggled a disappointing jobs report and some analyst upgrades. Still, all three major indexes were on track to post gains for the week.
The dollar is likely to trade higher in the week ahead, with Friday's worse-than-expected U.S. non-farm payrolls data for October seen as the driving force for currency markets at least until mid week.
Friday, 6 Nov 2009 | Posted By:
Joseph Pisani | Source: CNBC.com
A new report, released by employment Web site CareerBuilder.com, ranked the top metro areas with the most job postings on the site between January and October 2009.
A new report from employment Web site CareerBuilder.com, ranked the top metro areas with the most job postings on the site between January and October 2009. Click on to see where the jobs are and which industries are doing the hiring in each city.
For President Barack Obama, the report that showed that the unemployment rate hit 10.2 percent last month gives opponents a chance to score some easy points.
The U.S. unemployment rate blasted past the psychologically important 10-percent mark Friday as nonfarm payrolls fell by 190,000 last month. It's the first time the unemployment rate -- now at 10.2 percent -- was in double digits since June 1983.
British Airways swung to a first-half pretax loss of 292 million pounds, as business class passenger numbers continued to tumble, dashing hopes air traffic demand was recovering from the slump caused by the downturn.
The dollar and yen rose Friday after a report showed the U.S. unemployment rate spiked and the economy lost more jobs than expected, stoking concerns about the U.S. economy and restoring safe-haven demand for both currencies.
Thursday, 5 Nov 2009 | Source: The Associated Press
Congress took further steps to right the staggering economy by expanding a popular tax credit for homebuyers and extending unemployment checks for the growing legions of people running out of benefits with few job prospects.
Stocks opened higher Thursday as a strong reading on productivity and an easing in jobless claims helped cheer investors during a choppy week of trading.
Stanley Schacter said, "Misery doesn't love just any kind of company — it loves only miserable company...That same kind of "miserable company" now works in your office... Read More
Friday's Labor Department report showed that unemployment rate unexpectedly jumped to 10.2 percent in October, even though the pace of job losses slowed... Read More