United States Employment Data Causes USD surge

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Source: Dukascopy Bank SA


The US Bureau of Labor Statistics has published the monthly employment data. The US Dollar reacted to the news with an initial spike upwards above the 104.00 mark.

The monthly change of Average Hourly Earnings was forecast to be an increase of 0.3%. The publication revealed that wages had increased by 0.4%.

Market analysts expected the Non-Farm Employment Change to show that 184,000 new jobs were created. However, 199,000 new jobs were actually created in the US economy.

Meanwhile, the official Unemployment Rate was expected to remain at 3.9%. Released data revealed that the rate had dropped to 3.7%.
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