The jobs number doesn't change the perception that the U.S. economy is working through the slowdown and that it will continue working it out for the rest of the year,
More Quotes from Bob Lynch:
There are still some signs of tightness in the labor market.Bob Lynch
While there have been some obvious signs of slowing in the U.S. economy, market participants want to see additional evidence confirming the slowdown,
Bob Lynch
In the past, a number like that could have hurt the euro. But sentiment has changed now with the euro trending higher.
Bob Lynch
The euro will go up, ... Market participants are waiting for more consistent evidence of a U.S. slowdown.
Bob Lynch
The decline is affecting Japanese balance sheets, and this is creating problems,
Bob Lynch
Slower growth and tame inflation are certainly more supportive of the dollar than a hard-landing scenario would be.
Bob Lynch
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