US Dollar drops on employment data

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


On Friday, at 12:30 GMT, the US Dollar declined in value due to the publication of US employment data. The EUR/USD surged by 27 base points in the five minutes following the release.

The data release consisted of three data sets. The Average Hourly Earnings change, the Non-Farm Employment Change and the Unemployment Rate were released.

The Average Hourly Earnings changed by 0.3%, as forecast by the markets. The Non-Farm Employment Change was at 850,000 instead of the expected 725,000. This aspect was positive for the USD. However, the Unemployment Rate was at 5.9% instead of the forecast 5.6%.

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