Dollar and Euro unimpressed by US NFIB index- EUR/USD rebound still capped by 1.10

The US September NFIB small business optimism index has just been released. As noted here earlier the markets were expecting a slightly higher reading then the 91.2 recorded for August. The reason why this report might be a little more important, or perhaps more relevant than usual is in view of the great monthly jobs report we had last Friday. The NFIB is a good barometer of future hiring trends amongst the all important plethora of small to medium sized US firms. Well, the data has just been released and it has only slightly bettered the previous reading, coming out at 91.5. This is not conclusive for the dollar or the US equity futures today quite honestly and hence not much of a reaction here to speak of in terms of the EUR/USD. Despite edging very close to the 1.10 handle earlier this morning, that level continues to cap any rebounds, as indeed it should do for the time being. The EUR/USD is currently trading at 1.0988