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EUR/USD slides as US unemployment falls and payrolls rise above forecasts

The US November monthly jobs report has just been released and it was better than forecast. Non-farm payrolls were expected to rise by around 180,000 last month, compared to a gain of 150,000 in October. They actually rose by 199,000 and the the unemployment rate fell to 3.7%,versus a forecast of 3.9%. Wages were in line at 4%. The dollar has understandably jumped on this news and the EUR/USD has fallen well below the 100 day moving average, at 1.0764. The EUR/USD has just hit 1.0725 following this news. it is currently trading at 1.0739

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