
USD fell but stocks gained on the big downside revision to US payrolls data | MarketTalk: What’s up today? | Swissquote
The combination of dovish Fed minutes and the big downside revision to the annual payrolls number (-818K jobs!!) sent the US yields lower and the dollar lower yesterday. Gold consolidated near the $2500 per ounce as the risk on environment directed capital toward the stocks rather than the safe haven gold, while crude oil extended losses to the lowest levels since August despite a 4.6-mio barrel decline in US oil inventories last week.
What’s interesting is, about three weeks ago, when the US had released weak jobs data, the US dollar had fallen on the rising recession odds for the...