The U.S. Unemployment numbers came in at a loss of 467,000 jobs, quite a bit more than the 350,000 loss that was expected. The unemployment rate ticked up to 9.5% with a total of 6.5 million jobs lost since the start of the recession, according to the Wall Street Journal. The ECB, as expected, left its key interest rate alone at 1%.
The only noticeable impact of either event is the EURCHF retracing half of the move upward that came on the heels of the quote I shared in an earlier post from the SNB. This retracement could also just be the natural order of things and have nothing to do with either news event today.
Cold outside (and in)
3 hours ago
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