NEWS / Foreign Exchange

Good US Job??™s report and the reasons for the weak dollar

After one of the biggest speculation for 2007 cause thebreak of EURUSD above 1.3410 yesterday the traders back on the ground. The US economy Jobs report is not sobad. Even the US Jobs market is in fantastic good situation! When the worldbiggest economy is having Unemployment rate of 4.4%? When? The US economyadding one of the highest levels new jobs 180K. And that??™s not all. The USeconomy going well in Interest rates 5.25% with 1.5% higher than in the EuroZone. Then many traders ask themselves why the dollar is so weak when thesituation in the US economy is not so bad how is represent? The reasons aremany, but mainly fears, speculations and trading game against the fundamentalreasons. The big fish and the Bush administration want weak dollar and doingeverything to keep the dollar low. Any dollars recovery will be temporary tillthe end of Mr. Bush as president of US.