9/5/2008 9:52:41 PM EDT (GMT +5): Dollar Shrugs Off Non-Farm Payrolls as Traders Look Beyond Q3 -
Non-farm payrolls were worse than expected, the dollar sold off but the weakness did not last. Currency traders have become accustomed to disappointing US economic data, particularly from the labor market. Oil prices continue to be the single biggest driver of the US dollar. Crude prices hit an intraday low of $105.13 a barrel, giving traders the hope that beyond the third quarter, the US economy will get...
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[WSJ ON GSE RESCUE PLAN] The WSJ's web site carries the following
banner --"Treasury is close to finalizing plan to backstop Fannie Mae and
Freddie Mac. Plan includes senior ...
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