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EUR/USD spikes above 1.08 after US unemployment rises

The US April monthly jobs report has now been released and it has. As noted here earlier today the markets were expecting a rise in non-farm payrolls of 240k, compared to a previous gain of 303k. The actual payroll count was a 175k. The unemployment rate ticked up to 3.9% and the level of annual wages fell back to just 3.9%. The reaction across the markets have seen the dollar fall across the board. The EUR/USD has risen sharply above the noted resistance levels just ahead of the 1.08 handle. The high seen was just above 1.0810. It is currently trading at 1.0802

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