Chop, chop
Today's non-farm payrolls report was a tough one to make money on. The initial reaction was lower in the US dollar but that quickly reversed and it hit the highs of the day on a few fronts. However that's now evaporated and the dollar is pretty much back to where it started.
A big part of this was that the report was mixed. The headline was solid but wages and the household survey were weak. Unemployment remains low but participation slipped.
"Overall, nothing here to shift the dial very far in either direction. But the gradual slowdown in trend employment growth is another sign that the economy is weakening," wrote Paul Ashworth, chief US economist at Capital Economics after the report.