The dollar is now down versus the euro. The main reason for this huge drop is the new USA job news. The government in USA said that there are about 90,000 jobs were lost. This is really huge number and especially if we compare it to the number of jobs added in November. The last December was a big shocked for currency market because the dollar drops down dramatically especially after the government said that the unemployment rate is about 10%.
Most Forex expertise said it is good to for forex market because most people will think it is save to trade in currencies and not like stock market, but in the other side there are some Forex trader sees that the increase in the unemployment rate will hurt the dollar so much. Whoever all Forex trader wish that the new year “2010” make positive changes in the currency trading world and especially for the dollar.
