The Euro appreciated against the US Dollar, following the US Employment data set release on Friday at 13:30 GMT. The EUR/USD exchange currency rate gained 28 pips or 0.23% after the release. The Euro continued trading at the 1.2280 level against the Greenback after the release.
The Bureau of Labor Statistics released the US Non-Farm Employment Change data, which came out worse-than-expected of negative 140K compared with the forecast of 60K.
According to the official release: "The decline in payroll employment reflects the recent increase in coronavirus (COVID-19) cases and efforts to contain the pandemic. In December, job losses in leisure and hospitality and in private education were partially offset by gains in professional and business services, retail trade, and construction."
| Date | 04.09.20 | 02.10.20 | 06.11.20 | 04.12.20 | 08.01.21 |
|---|---|---|---|---|---|
| Actual | 1371K | 661K | 638K | 245K | -140K |
| Forecast | 1375K | 900K | 595K | 480K | 60K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.77748 | 0.77834 | 0.11% |
| EUR/USD | 1.22512 | 1.22662 | 0.12% |
| NZD/USD | 0.72589 | 0.72703 | 0.16% |
| USD/JPY | 103.878 | 103.759 | -0.11% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 26.4% | 73.6% |
| EUR/USD | 35.1% | 64.9% |
| NZD/USD | 25.3% | 74.7% |
| USD/JPY | 65.0% | 35.0% |