Dollar down following employment report; Employment rate at 25-year high

[RTFX-Trading]

Dollar down following employment report; Employment rate at 25-year high

According to official statistics, the U.S. economy shed 539'000 jobs in April. The Labor Department announced that the unemployment rate soared to 8.90%, its highest since September 1983.

It was the dollar that suffered the consequences of such bad figures, down to 1.3505 against the euro, 1.1201 against the Swiss franc, 99.10 against the yen and 1.5085 against the pound. Our daily target has been reached at 1.3489; a correction down towards 1.3320-1.3270 is expected. We expect that some investors book profits on their long EURUSD positions this week.

Emman Xuereb
RTFX Ltd
Head Office

Level 2, Suite 2, The Cornerstone Complex, 16th September Square | Mosta MST 1180 | Malta
Tel:  +356 27 78 01 35
Fax: +356 21 41 24 58
Web: www.rtfx.com

This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accordance with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except with formal approval. The internet cannot guarantee the integrity of this message. RTFX Ltd (and its subsidiaries) shall (will) not therefore be liable for the message if modified. Do not print this message unless it is necessary, consider the environment. RTFX Ltd holds a Category 3 license issued by the Malta Financial Services Authority.