Maybe its about time the USD wasn't considered as a '''safe currency to hold'''.............
Non-Farm Payrolls Disappoint Everybody - Yen and Franc Biggest Movers
US Non-Farm Payrolls disappointed the even the economists that lowered their expectations: only 54K jobs were gained during May, around a third of what was expected after modifications. Also the unemployment rate rose more than expected, and reached 9.1%. This time, not only safe haven currencies jump, but also EUR/USD follows and temporarily breaks resistance before falling sharply and challenging support – risk aversion rules. USD/CHF reached a fresh all-time low of 0.8350 on the news. USD/JPY fell strongly and touched the round number of 80 before bouncing back. These are the safe haven currencies. With other ... (full story)