It is not often that you can turn to the political machine for words of realism, but the White House is saying that there is no doubt that several hunded thousand more jobs to be lost in the US economy and that barring something unforeseen, Friday’s Jobless data will show a higher unemployment rate.
No surprise then that the market isn’t listening with stocks edging back close to their highest levels on the day and Eur/Usd pushing higher to 1.4430 after spending an hour or so at 1.4400.
Elsewhere Chrsyler sales fell 9.4% from the same month last year.