 Dollar is back under some pressure in early despite very strong headline NFP number. The problem with the report is that, other parts are rather weak, including revision in prior month's figure, rise in unemployment rate. More importantly, wage growth is a clear miss. The greenback is extending recent decline against Canadian. And it would probably do so against Euro and Australian too. For now, in the currency markets, New Zealand Dollar is the strongest one for today, followed by Euro. Sterling is the weakest one, followed by Yen and then Dollar. For the week. Pound is the worst performing one, followed by Dollar and then Swiss Franc. Commodity currencies are all the strongest. In other markets, DOW future point to slightly higher open. FTSE is up 0.41%, DAX is up 0.07%, CAC is up 0.16%. German 10-year yield is down -0.001 at 0.152. Earlier in Asia, Nikkei rose 0.07%, Hong Kong HSI dropped -0.04%, China Shanghai SSE rose 1.30%, Singapore Strait Times dropped -0.05%. Japan 10-year JGB yield dropped -0.0226 to -0.019. |
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