We still have a defensive approach to the FX market in the short term

Review The US: The employment figure offered a positive surprise – equities increased. On Friday the economic indicator for US employment was definitely encouraging. 165,000 jobs had been created against the estimate of 140,000, and the March figure was upgraded by no less than 50,000. The unemployment rate declined from 7.6% to 7.5%. Our assessment: The employment figure is definitely one of the most important benchmarks for US monetary policy. All other things being equal, higher employment

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We still have a defensive approach to the FX market in the short term

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