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EUR/USD reacts to employment data

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At 12:30 GMT, the US Dollar reacted to the publication of the monthly US employment data. An initial jump of 20 base points occurred on the EUR/USD charts.

Afterwards, it appeared that the currency exchange rate began a surge.

The US employment data sets came in mixed. The US Average Hourly Earnings increased by 0.6% instead of the forecast 0.4%. The Non-Farm Employment Change was at 194 thousand instead of the expected 490. Last but not least, the Unemployment rate came in at 4.8% instead of expected 5.1%.
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