Nonfarm payroll effect short-lived, but CAD...>

FOREX: Nonfarm payroll effect short-lived, but CAD shines after stellar jobs

report.

* CAD remains comfortably the outperformer following the far stronger than

expected Canadian jobs report. USD/CAD sits at its lowest level since late Sept

(C$1.2406 at the time of writing) and up close to 1% against G10.

* USD was unsurprisingly volatile after the broadly weak nonfarm payrolls,

falling initially, but quickly recovering as markets gauged that the release

would have little (if any) impact on the Fed's interest rate plans (particularly

in the Yellen -> Powell transition).

* Elsewhere, Eurozone inflation numbers were mixed (CPI slightly lower, PPI

higher) and had little effect on the EUR which trades generally weaker.

* The JPY held losses from the Asian session throughout Europe and US, as Asian

equities rallied for the 4th consecutive session. As a result, EUR/JPY touched

Oct 2015 highs.

* Calendar's finished for the day, but Monday sees the release of German factory

orders and Eurozone retail sales.