The bright side of the report was the additional 18.9 thousand full time jobs reported in February, but the participation rate fell to 66.2%…
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A mixed but overall better than expected labor market report has helped the US Dollar stem the bleeding, at least versus the Japanese Yen. The Swiss Franc fell on worse-than-expected CPI data as low-inflation continues to plague Switzerland. The day after the BoC announces next rate change direction depends on data, two economic releases significantly beat expectations The Euro continued to breach resistance levels to the upside and hold strength following the ECB Rate Decision and Draghi press conference Comments from Draghi continue to remain upbeat and confident about inflation and growth moving forward The Aussie jumped past the psychologically significant US 90 cent level as both retail sales and January trade balance data beat expectations. |
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