The most anticipated event risk this week was the March U.S. non-farm payrolls report. Nearly a million jobs were created, the most in 7 months. Economists were looking for NFPs to rise by 647k and instead it jumped 916k. The unemployment rate dropped to 6%, which was right in with expectations. Such a blowout jobs number should have driven the U.S. dollar sharply higher and while the greenback spiked after the initial release, its gains were modest. A large part of that had to do with Easter holidays in the U.S. and abroad. Equity markets were closed, so not many investors were around to react to the report. Average ... (full story)