USD increases volatility on employment release

Source: Dukascopy Bank SA


On Friday, at 13:30 GMT, US monthly employment data was published. At the moment of the release, the data caused an USD volatility increase.

The EUR/USD shortly fluctuated in a 25 base point range. The volatility was caused by mixed data, as the initial jump of the rate could be attributed to the worse than forecast Non-Farm Employment Change numbers and the follow up decline occurred due to the better than forecast Average Hourly Earnings and Unemployment Rate.

Namely, Employment Change was at 199,000 instead of forecast 426,000. Average Earnings increased by 0.6% instead of 0.4%. Meanwhile, Unemployment Rate came in at 3.9%, compared to the forecast of 4.1%.
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