Currency comment 3/6

A boring day in the currency market on Monday.  Values traded on either side of unchanged on all of the majors.  Volume of trade was light as traders sat on their hands waiting for market moving news.

The big report this week will be on Friday when the Government releases the unemployment report for February.  This report has become the most important eonomic report of the month for investors and traders.  There are expected to be 185,000 new jobs reported on release of data March 10th.  A strong number will raise expectations for an interest rate increase by the Fed this month.