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EUR/USD lower after US jobs report but not by that much

The immediate reaction to the April US jobs report saw the EUR/USD fall back. It was trading around 1.1335 leading into that data. The reaction after the release saw it slide quickly to 1.1305. However, as just mentioned, when you look at the revisions to the previous monthly number the payroll count comes out at 134k. So, not exactly the 177k the headline gain would indicate. That fact seems to have tempered the gains in the dollar and helped the Euro to rebound. The EUR/USD is just now back to where it was before the US data hit the screens, currently trading at 1.1336
 

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