 The USD moved higher in anticipation of the US jobs report. That report showed wages were less of a concern with an increase of 0.3 versus 0.4 MoM. Moreover the prior month was revised lower from 0.6 to 0.4. Good news. The not so good news for a rate perspective is the unemployment rate ticked down to 3.5 from 3.6 revised from 3.7. That puts the unemployment rate near full employment which has potential for what wage gains down the road. So the Fed is walking on the tight rope... 