Kathy Lien is Director of Currency Research at GFT, and runs KathyLien.com.
Kathy has a Bachelors degree in Finance from New York University. Kathy has written for Stocks and Commodities, CBS Market Watch, ActiveTrader, Futures and SFO Magazine. She is frequently quoted on Bloomberg and Reuters and has taught seminars across the country. She has also hosted trader chats on EliteTrader, eSignal, and FXStreet, sharing her expertise in both technical and fundamental analysis.
As usual, non-farm payrolls is one of the most market moving indicators for the US dollar and the level of payroll growth in the economy last month will help to determine if a soft landing scenario is in full play.
The US dollar staged an even stronger rally today than it did yesterday as incoming economic data signals a potentially not so bad Non-Farm Payrolls report tomorrow.
The US dollar broke higher today after the University of Michigan consumer confidence report came out stronger than expected and bond yields skyrocketed.
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