The reaction is not surprising. The expectations were skewed to the upside.

175

After the revisions (to December and November), the headline was more or less in line with the consensus.

150

But even more important for the dollar was the average hourly earnings reading, which is quite hawkish and is something the Fed has said it's concerned about.

108

Assuming that the correlation between interest rates and the dollar does not break down again soon, it suggests that the dollar will remain supported, at least over the short-term.

94

The attraction of carry trades is in decline, a lot of people will be wary of going into the Icelandic crown.

92