The Euro depreciated against the US Dollar, following the US Employment data set release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 34 pips or 0.30% after the release. The Euro continued trading at the 1.1300 level against the Greenback after the release.
The Bureau of Labor Statistics released the US Non-Farm Employment Change data, which came out better-than-expected of 2509K compared with the forecast of negative 7750K.
According to the official release: "These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In May, employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade. By contrast, employment in government continued to decline sharply."
| Date | 07.02.20 | 06.03.20 | 03.04.20 | 08.05.20 | 05.06.20 |
|---|---|---|---|---|---|
| Actual | 225K | 273K | -701K | -20500K | 2509K |
| Forecast | 163K | 175K | -100K | -22000K | -7750K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.69846 | 0.69787 | -0.08% |
| EUR/USD | 1.1335 | 1.13058 | -0.26% |
| NZD/USD | 0.65180 | 0.65075 | -0.16% |
| USD/JPY | 109.252 | 109.571 | 0.29% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 33.9% | 66.1% |
| EUR/USD | 59.9% | 40.1% |
| NZD/USD | 48.1% | 51.9% |
| USD/JPY | 61.3% | 38.7% |
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