US dollar holds strong despite disappointing NFPs, jump in unemployment rate to 6.1%. Forex traders look ahead to RBNZ rate decision, US retail sales, and news this weekend from the Treasury regarding Fannie Mae and Freddie Mac.
· US NFPs, unemployment rate disappoint, yet US dollar holds strong. · Event risk will be limited next week, but RBNZ rate decision and US retail sales could shake things up. · **News after the market close - the US Treasury may announce a plan for Fannie Mae and Freddie Mae this weekend, which could send the JPY crosses plummeting further.
Stories to watch on DailyFX
· Risk aversion is leading the carry trade to plummet to two year lows. · See what trade setups are topping the DailyFX Analysts' lists in the DailyFX Analysts Picks section. Send any comments or questions to tbelkas@dailyfx.com