Spike lower in the dollar is the initial post jobs reaction
The US dollar has fallen after the weaker to US jobs report. The exception is the USDCAD as Canada also reported weaker data (although influenced by lockdown). The US dollar was marginally higher going into the report with modest declines of -0.8% versus the EUR and GBP (see US opening report HERE).
The USD has moved down to the second weakest currency behind the CAD now. The EUR is now the strongest.
The Dow has moved lower and trades down around -44 points. The NASDAQ has moved higher with the futures now implying a 210 point surge. The changes of a Fed hike have been extended further out.
US yields are lower with the 10 year yield down -6.3 basis points
- Spot Gold has moved sharply higher and trades up $23 or 1.27% of $1838.40.
- Silver is up $0.15 or 0.6% at $27.48
- WTI crude oil futures are down 66 answer -1.02% at $64.07
