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 25 pips or 0.21% after the release. The Euro continued trading at the 1.1700 level against the Greenback after the release.
The Bureau of Labor Statistics released the US Unemployment Rate data, which came out better-than-expected of 7.9% compared with the forecast of 8.2%.
According to the official release: "These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In September, notable job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services. Employment in government declined over the month, mainly in state and local government education."
| Date | 05.06.20 | 02.07.20 | 07.08.20 | 04.09.20 | 02.10.20 |
|---|---|---|---|---|---|
| Actual | 13.3% | 11.1% | 10.2% | 8.4% | 7.9% |
| Forecast | 19.4% | 12.4% | 10.5% | 9.8% | 8.2% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.71616 | 0.71431 | -0.26% |
| EUR/USD | 1.1728 | 1.17034 | -0.21% |
| NZD/USD | 0.66362 | 0.66174 | -0.28% |
| USD/JPY | 105.213 | 105.232 | 0.02% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 46.0% | 54.0% |
| EUR/USD | 46.5% | 53.5% |
| NZD/USD | 52.0% | 48.0% |
| USD/JPY | 44.4% | 55.6% |
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