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It was looking like another bout of risk aversion to dictate global market activity on Friday; however optimism prevailed with the greenback posting mixed results against major counterparts as US equity markets turned a blind eye to the highest unemployment rate in 26 years. US nonfarm payrolls declined by 190,000 in October, surpassing the fall in 175,000 expected taking the unemployment rate to 10.2 percent from 9.8 percent in September. The ensuing minutes after the release saw a surge in the US dollar across the board; however momentum couldn't be sustained coinciding with an equity market rally which saw the DOW return above the physiological 10,000 level. Canada's unemployment rate also edged higher after employment figures showed a surprise drop of 43,000 in October; against a consensus of a 10,300 rise, bringing the unemployment rate to 8.6 percent from 8.4 percent in September.
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