US Department of Labor, released a record revision lower, of the all-important Non-Farm Payroll numbers. It appears that job numbers were overstated by nearly one million jobs under the previous Biden administration. This is historical data, but does explain the firing of the Administrator and undermines confidence in one of the most important US data numbers. The French Government has fallen, for the 4th time in two years, under President Macron. The French are not happy campers. Markets await important inflation data from China and the US, which will give some guidance to market sentiment, for the remainder of the week. The US Dollar was steady, with the EUR holding above 1.1700, while the GBP was steady on 1.3520.Commodity currencies failed to build on recent gains, with the AUD failing to hold 0.6600, while the NZD struggles above 0.5900. Markets will look to US inflation data and Geo-Political events, to drive confidence and sentiment.
