Daily Video Recap (9/3): August Jobs Report Boosts Stocks and Risk Appetite

Today's US jobs data -- while not great by any stretch of the imagination -- did help ease some of the more pessimistic outlooks about the US as not only did the economy have a better number of private jobs created in August, the upward revision for June and July were a welcome sign. Stocks were up as was risk appetite, meaning our commodity currencies tied to global growth like AUD, CAD, NZD jumped, as did higher yielders - the EUR and GBP. Safe haven currencies like JPY, CHF, and USD weakened.