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EUR/USD falls back after US Non-farm payrolls beat forecasts
The US May jobs report has been released and it has beaten on market estimates for payrolls to rise by around 185k. They have actually risen by 272k. The unemployment rate has risen though, to 4% from 3.9%. The level of average hourly earnings also rose above forecasts. That lifted to 4.1% where the markets had expected a rise of 3.9%. So, the dollar has risen and the EUR/USD has fallen back towards 1.0825 on the news.
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