Commodities are off their lows but not rallying dramatically in the wake of the improved employment report. Equities are dramatically higher, however, up 13 points on the S&P.
“Risk on” could limit EUR/USD losses but it is hard to see a dramatic rally in EUR/USD as US yields should continue to rise relative to Europe yields. USD/CHF may be a cleaner way to play dollar strength. Rising risk appetite tends to support EUR/CHF…