US NFP came out better than expected 209k vs 183k forecast. Particularly significant was also the revision of the previous reading to 231k up  from 222k.

All eyes were anyway on the average hourly earnings that for the past few months have been the main focus of the market as a main indicator to try to anticipate any uptick in the inflation. The earnings were up 0.3% as expected and up from 0.2%.

The market reacted with strong USD buying that is about to close the trading session up 0.73%, the first big correction in the USD Index in a month of declines.

Important now is to determine if this “hope” of inflation will be followed by more positive data.