The greenback is a little softer across the board this morning, with EUR/USD up at 1.2820 compared to an early 1.2760. Some are taking the tack that a very weak U.S. jobs report will only help prompt the Federal Reserve to ease rates again soon, the diminished yields a negative for the U.S. currency. There is however another tack that may be worth bearing in mind; that a weak U.S. jobs report results in a sharp sell-off in U.S. equities, prompting a risk aversion trade in currencies with the USD and JPY the main beneficiaries. Should certainly make for an interesting afternoon. Meanwhile i did some quick sums regarding our NFP poll and the median forecast at present comes out at -229k.