The USD is the weakest of the majors now
The initial reaction was for a weaker dollar after the jobs report came in at 559K versus 675K estimate. However the fly in the ointment is the wage gains which rose by 0.5% and are up 2.0% year on year. The unemployment rate did dip to 5.8% from 6.1%. The snapshot currently shows the dollar is the weakest verse the AUD and the NZD
US stocks are little bit higher after the report:
- Dow +73 points
- S&P +13 points
- NASDAQ index +70 points
In the US debt market, yields are mixed:
- 2 year 0.152%, -0.2 basis points
- 5 year 0.828%, -1.2 basis points
- 10 year 1.623%, -0.2 basis points
- 30 year 2.307%, +1.2 basis points
In other markets:
- Spot gold is trading up $11 or 0.59% of $1881.67
- spot silver is trading up $0.19 or 0.71% at $27.63
- WTI crude oil futures are up $0.45 or 0.67% at $69.27
- Bitcoin has recovered some of its losses after the Elon musk breakup with bitcoin is trading down $-1750 or -4.53% at $36,954
