The payrolls were actually okay, including revisions, but the jump in the unemployment rate to 10.2% will play poorly on Main Street, and that seems to be the market’s early focus. EUR/USD has retreated to the lower end of the range (1.4822) as equities and oil give ground. Keep an eye on gold. It is up to $1097.50. A break of $1100 could turn the focus back on the downside for the greenback.