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| | Demo|Live|Free Practice  Daily Newsletter: 03/07/2009
By Loic Bondiguel - ACM Advanced Currency Markets, Geneva, Switzerland | | | | Risky Assets take a hit on U.S. Payrolls | News and Events: The dollar rose against major currencies yesterday after bleak U.S. jobs data renewed concerns about the economy and enhanced the greenback's safe-haven appeal.
The Euro was down 1.1 percent at $1.4002, retreating from $1.4201 hit on Wednesday, its highest level since early June. Adding to pressure on the Euro were comments from the European Central Bank President Jean-Claude Trichet that Euro-zone activity would likely remain weak for the rest of the year.
The dollar slipped 0.8 percent against Yen to 95.85, after trading as high as 96.89 yen before the jobs report.
The Swiss franc hit the day's low of 1.5257 per euro from around 1.52 after a Swiss National Bank official said the central bank was prepared to continue interventions to stem the domestic currency's strength.
Volume was light ahead of the three-day weekend for the Independence Day holiday in the United States.
U.S. Treasury bonds rose while stocks fell more than 2 percent after a government report showed U.S. employers cut 467,000 jobs in June, far more than expected, while the unemployment rate rose to 9.5 percent.  Read Today's Key Issues and The Risk Today
| Resistance and Support: | EURUSD | GBPUSD | USDJPY | USDCHF | | 1.4270 | 1.6620 | 98.30 | 1.0990 | | 1.4205 | 1.6650 | 97.90 | 1.0960 | | 1.4130 | 1.6505 | 97.00 | 1.0935 | | 1.4010 | 1.6360 | 95.02 | 1.0860 | | 1.3920 | 1.6320 | 95.30 | 1.0705 | | 1.3885 | 1.6280 | 94.80 | 1.0635 | | 1.3830 | 1.6230 | 95.40 | 1.0590 | | S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot | | Quick access to our 5 previous newsletters: |
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