FOREX VIDEO | New York Session Review | January 5, 2011
Results from the most recent ADP survey of US private sector employment showed that private payrolls rose an estimated 297000 in December, far exceeding the median forecast of 100000. The US report sparked a dollar surge, a sharp drop in the Japanese yen, and an extension of yesterday’s Swiss franc sell-off. The EUR/CHF currency pair rose more than 80 pips from its Asian session highs during the final three hours of the European trading day.
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