Analysts Comments after US Payroll Data

The U.S. Dollar (USD)

Michael Carey, chief economist North America at Calyon
Fri, Oct 6 2006, 14:59 GMTAFX News - "We believe the figures support the Fed's view that the economy is transitioning to a below-trend pace of growth. We do not expect any change in monetary policy at the FOMC meeting on October 24."

Neil Mackinnon, chief economist at ECU Grou
Fri, Oct 6 2006, 14:59 GMTAFX News - "Earnings growth was reasonably solid and that's something the Fed will be keeping an eye on. Closer inspection of the data shows it wasn't as bad as thought."

Alan Ruskin, chief international strategist at RBS Greenwich Capital
Fri, Oct 6 2006, 14:58 GMTReuters - "A few key aspects of the report are strong and will add to fears that labor market resources are tight and will keep the pressure on the Fed to err on the side of tightening."

Stuart Hoffman, chief economist at PNC Financial Services
Fri, Oct 6 2006, 14:57 GMTAFX News - "The report is consistent with a job market this is slowing down but is still decent. It does reflect that businesses have been more cautious about new hires. But jobs are still growing and wages are still growing and that is good. There is no sign in this report that the economy is on the edge of a cliff."

Richard Yamarone, chief economist at Argus Research
Fri, Oct 6 2006, 14:57 GMTReuters - "It (data) shows the economy is still strong and essentially at full employment. The Fed might frown on that."