Currencies: the $ continues its slide, the Yen recovers 2% in 48 hours
The Dollar Index will probably end the week at its lowest point: it lost 0.1% to 102.75, weighed down mainly by the Yen.
The greenback is also losing 0.3% against the Pound, but is making up ground against the Euro at around 1.0940.
The Dollar did not react to the FED's Beige Book on Wednesday, nor to Powell's speech, and it's not certain that the NFP has "impacted" FOREX: 2 unexpected and opposing elements offset each other, neutralizing the day's publication.
February's NFP came in stronger than expected, with an unexpected acceleration in job creation to 275,000 (vs. 190,000 expected), but the US Labor Department revised January's estimate sharply downwards (-124,000) to 229.000 from 353,000.
The unemployment rate rose to 3.9% in February from 3.7% the previous month, while the rise in average hourly earnings slowed to a reassuring 0.1% month-on-month and 4.3% year-on-year.
The fall in T-Bond yields and the dollar (-1% against the euro) are supporting the gold ounce, which has broken a new all-time record at $2,185/Oz.
Bitcoin has experienced a "saloon door" sequence, with a record high at around $70,160 before a -$400 drop to $66,180, followed by a +$400 rebound (i.e. +2.2% for the time being).
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