EUR/USD spikes towards 1.09 as US payrolls disappoint

Following on from the previous update, noting the surprisingly low number of US payroll gains last month, the dollar crumbled versus the Yen, but it has of course lost ground elsewhere too. The GBP/USD has hit a session high above 1.2965 and the EUR/USD spiked to test the 1.09 handle. It has not taken that out yet, but that is not to say it will not. As also just noted, some of this surprisingly small gain in US payrolls could be due to the impacts of the last Hurricane and that is somewhat underpinned by the fact that the unemployment rate did not rise. This news has also helped to lift the US equity futures further ahead of the opening in just under an hour from now. The EUR/USD is is trading right now at 1.0897