Forex balance of the meeting of March 4, 2010

   The civil war in Libya continues to support the Swiss franc against other assets while the price per barrel of oil rose today to their highest level in nearly 29 months. The CHF has risen 0.7% against the greenback in one sitting while higher against the EUR was equally important, nearly 0.6%. In times of great uncertainty, the Swiss franc benefit from a decline in investors to the safe haven that the mechanical advantage.    The U.S. employment figures constituted the key event of the day. As expected, the disappointment that has dominated. Indeed, while the U.S. unemployment reached 8.9%, its lowest level since April 2009, job creation has been well below economists' expectations. According to the Department of Labor, job creation was only 192,000 against an expectation to 196 000. Ultimately, these figures should prompt the Fed to continue its quantitative easing policy which disadvantages the U.S. dollar against the euro while the ECB would raise rates. The greenback's decline was, however, since it was contained only 0.1% against the euro today.    The publication of non-farm payrolls has benefited in any case the Canadian dollar has climbed to 97.28 cents per 1 USD, winning on the week nearly 0.5% against its southern counterpart. Although figures are not stuck with market expectations, the experts considered that the level of employment in the United States is encouraging that the Canadian dollar has benefited as a result of intense trade relations between Washington and Ottawa .    Finally, the rumors regarding a specified monetary easing in New Zealand after the country was hit by two devastating earthquakes in the space of only a few months. The NZD was at its lowest level since October 1, 2010 against the greenback while the central bank might fall in the next twelve months its rates by nearly 15 basis points. There's another month, investors were expecting an increase of nearly 54 basis points.