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EUR/USD spikes to 1.1150 after US payrolls rise less than expected
The details of the US August jobs report has now hit the screens. Payrolls were forecast to rise by a median of expectations of 160k. The actual rise was 142k, but the prior 114k number was revised lower to just 89k. The unemployment rate was forecast to fall to 4.2% from 4.3%. It has duly fallen back as expected. The US 2 year bond yield had fallen to a new 2024 low earlier today, at 3.69%. It was lifting back to around 3.74% ahead of this release. It has now slipped back following this data. The dollar has fallen on this news. The EUR/USD has spiked higher, from levels close to 1.1100, towards 1.1150 as the USD/JPY slides more than 100 pips on the news
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