US Session: US Unemployment Rises To 10.2%, But Drop In Risk Appetite Should Be Temporary: Fri, 06 Nov 2009 18:11:28 GMT

G10 Advancers and Decliners vs USD JPY 0.99 GBP 0.06 CHF -0.18 EUR -0.22

FX markets have oscillated briskly since the US employment data this afternoon, as the Unemployment Rate posted a shock 10.2% against estimates for 9.9% (from last month’s 9.8%). The Change in Non-Farm Payrolls themselves were also worse than expected at -190k (vs. -175k consensus), but the figure was sweetened somewhat by last month’s upward revisions to -219k from -263k. We expected worse...