• Strong Canadian Jobs were the big data surprise on Friday propelling the Lonnie to the top of the G10 leader board (+0.60%) and the AUD is essentially unchanged after commodities had a mixed end to the week. • The December US nonfarm payrolls number came in at 148k vs 190k exp., but after the solid ADP report on Thursday (250k) many were looking for a print above the 200k mark. Average hourly earnings printed in line with expectations at 0.3%mom taking the yoy number to 2.5% (November was revised lower to 2.4% from 2.5%) and the unemployment rate held steady at 14.1%, a 17 year low. • The knee jerk reaction to the ... (full story)