USD strengthens due to US employment

Source: Dukascopy Bank SA


The release of the monthly US employment data at 12:30 GMT caused a surge of the US Dollar's value.

The EUR/USD reacted to the news with a 30 base point decline over a span of 15 minutes.

The US Average Hourly Earnings increased by 0.3%, compared to the expected 0.4%. Non-farm Employment Change was revealed to be at 390,000 and beat the forecast of 325,000. Meanwhile, US Unemployment Rate remained at 3.6%.
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