The Euro traded sideways against the US Dollar, following the US Employment data set release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 2 pips or 0.01% after the release. However, the release caused major decline afterwards, and the rate dropped 35 pips or 0.30%. The Euro continued trading at the 1.1810 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 8.4% compared with the forecast of 9.8%.
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 August, an increase in government employment largely reflected temporary hiring for the 2020 Census. Notable job gains also occurred in retail trade, in professional and business services, in leisure and hospitality, and in education and health services."
| Date | 08.05.20 | 05.06.20 | 02.07.20 | 07.08.20 | 04.09.20 |
|---|---|---|---|---|---|
| Actual | 14.7% | 13.3% | 11.1% | 10.2% | 8.4% |
| Forecast | 16.0% | 19.4% | 12.4% | 10.5% | 9.8% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.72758 | 0.72699 | -0.08% |
| EUR/USD | 1.18471 | 1.18411 | -0.05% |
| NZD/USD | 0.67179 | 0.67084 | -0.14% |
| USD/JPY | 106.24 | 106.304 | 0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 28.5% | 71.5% |
| EUR/USD | 39.1% | 60.9% |
| NZD/USD | 29.7% | 70.3% |
| USD/JPY | 41.1% | 58.9% |
Economic calendar