Yohay Elam from ForexCrunch says that “a gain of 211K Non-Farm Payrolls gave the greenback some back wind but doesn't change the picture for the December hike which is already priced in. The 2.3% y/y gain in wages and the upwards revisions worth 35K are nice additions.â€
However, Elam continues “for EUR/USD, the Draghi Disappointment means a resumption of rises after a short NFP break. AUD/USD bounced very nicely off support while USD/CAD stands out with a sharp rise due to weak Canadian jobs and a collapse in oil prices following OPEC's non-decision. The action continues.â€
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