US Dollar Eases From 3-day High Versus South African Rand
October 08 2010 - 8:32AM
RTTF2
After hitting a 3-day high of 6.9373 at about 6:40 am ET, the US
currency traded lower against its South African counterpart during
New York morning deals on Friday. As of now, the greenback is
trading near 6.8565, compared to yesterday's close of 6.8837.
The U.S. Labor Department released a report today showed that
unemployment rate came in at 9.6 percent in September, unchanged
from the previous month. The unemployment rate had been expected to
edge up to 9.7 percent.
The Labor Department also said that non-farm payroll employment
fell by 95,000 jobs in September following a revised decrease of
57,000 jobs in August.
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