EUR/USD Sinks on U.S Jobs and Politics

The EUR/USD is lower today on the U.S. Jobs data and is trading weak at 1.1324 down 0.0146 . Italian Policy makers over the last week were making comments about the Greek negotiations. Italian Economy Minister Pier Carlo Padoan it tying the ECB easing into the political process. There was little market reaction to this. However the political process is now fully integrated into the market chatter. This is a political process now. Market talk is that many voices are now making it difficult to make much sense of it all and the process will likely last until sometime in March.