As far as it goes now, there is little reason for any traders to remain dollar bulls. The lackluster employment figure in the context of stronger economic data leading up to it such as the ISM and durable goods reports suggests that US growth may be hitting a brick wall.
Nevertheless, there were some inflationary figures within the report, most notably, average hourly earning rose by 0.5% vs. 0.3% expected and average weekly hours gained to 33.9 vs 33.8 expected, suggesting that despite the tamer figure, wage pressures are beginning to assert themselves. This paves the way for at least one more rate hike by the Federal Reserve. Anything beyond becomes data dependent.

