U.S. Employment today

The U.S. will be reporting its November 2006 employment statistics today at 8.30am est. The rate as reported by Bloomberg is expected to be 4.05% with non farm payrolls (the key number) expected at 100k. I believe that a neutral to strong number will provide strength to the dollar. Only and absolutly terrible number will continue dollar weakness. As I have written previously them market seems to me to be very short dollars. An excuse to take profit or cut a position before vacations will be jumped upon.

Barroso says Euro FX rate not especially overvalued in historical terms *RTRS*

I will update after the number

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