September non-farm payrolls are due for release on Friday and now more than ever the level of job losses could determine whether the Federal Reserve will cut interest rates this month and by how much. The US dollar hit a one year high against the Euro this morning, but has remained weak against the Japanese Yen. This divergent price behavior has been primarily due to the market’s adjustment of ECB interest rate expectations. However should non-farm payrolls be particularly bad, it would

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