Today’s US jobs data – while not great by any stretch of the imagination – did help ease some of the more pessimistic outlooks about the US as not only did the economy  have a better number of private jobs created in August, the upward revision for June and July were a welcome sign. Stocks were up as was risk appetite, meaning our commodity currencies tied to global growth like AUD, CAD, NZD jumped, as did higher yielders – the EUR and GBP. Safe haven currencies like JPY, CHF, and USD weakened.

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