Dollar is sold off sharply across the board after shocking weak job report from the US. For the first time in four years, Non-Farm Payroll recorded a drop in -4k jobs in jobs in the US economy in Aug. July's number was revised downward from 92k to 68k. Unemployment rate stayed at 4.6%. Fed Chairman Bernanke said last week that Fed will "act as needed" to "limit the adverse effects on the broader economy that may arise from the disruptions in financial markets". Today's job reports is leaving not choice to the Fed but a rate cut.
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