Asian Session: NFP’s disappoint as ECB stays put on rates – low volumes today for 4th July holiday.: Fri, 03 Jul 2009 11:23:52 GMT

G10 Advancers and Decliners vs USD JPY 0.103 EUR -0.098 CHF -0.178 GBP -0.272

NFP’s disappoint by showing a -467K decline in payrolls, 100K more than the consensus. This underlines the vast layoffs from the GM and Chrysler debacle and the continuing difficulty to revive the economy. The EURUSD dropped from it’s high 1.41’s as low as 1.3930 before rebounding. While the pair broke it’s range momentarily only a healthy breakout below the 1.3900 support will prove sufficient...