Forex: U.S. Non-Farm Payrolls Expand 244K, U.S. Dollar Rally Cut Short By Risk Appetite

The 244K expansion in U.S. Non-Farm Payrolls certainly sparked a rebound in risk appetite, with the higher-yielding currencies gaining ground following the larger-than-expected rise in employment, but the data ultimately generated a bearish reaction in the USD, halting the near-term correction across the major exchange rates.