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EUR/USD crumbles below 1.10 as US payrolls rise by 254k

The US September jobs report has just been released. The markets were expecting non-farm payrolls  to rise by around 150k last month, up from a rise of 142k in August. Payrolls have actually risen by 254k. The underlying rate of unemployment has fallen to 4.1% from 4.2%. Annualised average earnings have also risen above consensus, at 4%, where a rise of 3.8% was forecast. The dollar has exploded higher on this data. The EUR/USD has crumbled below 1.10 now and the USD/JPY has lifted to 148. The EUR/USD is just now trading at 1.0967
 

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