New York Session - October 8, 2009 5:55 PM

The dollar doldrums continued in NY trading as currency markets remained beholden to the equity market gyrations. Stocks in the US added 0.8%, paring about half of the intraday gains in the latter part of the session. Better than expected US initial jobless claims provided the catalyst as the weekly number printed just 521K after a 554K result the prior week. The seasonal factors next week become a little tricky on the back of the Columbus Day holiday and we are actually looking for a substantial rebound here. Full text »