Clearly, the numbers are a disappointment especially with the revisions. There appears to be a disconnect between the US ISM service&manufacturing data and the US employment data as the former was much stronger than the latter. Also, the increase in average hourly earnings and workweek are strong positives that go against the grain of the headline numbers. Finally, the strong CapEx numbers are not translating into job hires. The markets initial reaction is to sell US dollars, sell Canadian dollars and sell Risk. The euro has put in a new high and is now back to the level of May … …READ MORE