Session recap: Dollar volatile on NFP’s disappointment

FXStreet (Guatemala) - The session had been dominated by the disappointment which was the Nonfarm Payrolls employment report. The dollar suffered in its wake but rebounded with a lack of direction while the data was eventually digested by risk-on markets.

The disappointment in the Nonfarm Payrolls came in at 113k versus a consensus of 185k. A number of the G10’s were a handful for dealers to manage over volatile markets, with a number of them ending up at the day’s highs.

The EUR/USD spiked through 1.3640 and settled thereafter sub the 1.36 handle and has been steadily climbing higher ever since and towards the end of the week on 1.3640.

Sterling has been a steadier performer on the bid pushing through onto the 1.64 handle and finishing up for the week on the highs at 1.6418 trying to manage close on 1.6420 currently.

AUD/USD is settling up for the middle of todays range post a volatile day that took the Aussie between 0.8930 and just a pip shy of the 0.90 handle.

US 10-year yield curve is flattening by two basis points to 2.68%.

Main headlines in the American session:

US non-farm payrolls rise 113,000; unemployment rate falls to 6.6%

Canadian unemployment falls to 7.0%; 29,400 new jobs created in January

US Unemployment Rate falls to 6.6% from 6.7% previous