- Canada adds 82.3K jobs, far more than 10.5K expected
- Canada unemployment rate falls to 7.2% from 7.4%
- US initial jobless claims 357K vs 355K exp
- Canada Ivey PMI 63.5 vs 65.5 exp
- NIESR estimates UK econ grew 0.1% in Q1
- Fed’s Bullard: Best strategy may be ‘wait and see’
- German 2-year yields hit record low
- Sarkozy promises balanced budget in 2016
- Italy’s Northern League leader resigns
- Fed chief trader Brian Sack resigns
- Fallout from the breach of the EUR/CHF peg
- IMF: Spain faces severe challenges
- IMF: Portugal could be shut out of funding market longer
- S&P 500 down 0.1% to 1398
- AUD leads, EUR lags
It was a another day where trading was all over in the first two hours of US trading. EUR/USD fell to a session low of 1.3035 in the first hour of trading and then bounced to 1.3060. Thereafter it was a tight, sideways move.
Talk of further BOJ easing boosted USD/JPY to 82.44 after hitting 81.83 in Europe.
EBS confirmed the low bid at 1.1990 in EUR/CHF. We bounced to 1.2027 in early trading but edged back down to 1.2015 at day’s end. Surely, Swiss policymakers will have some sleepless nights over the Easter weekend.
USD/CAD plunged to 0.9907 from 0.9980 after the jobs report but has slowly edged back to 0.9935.
