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US non-farm payrolls beat the street by some margin- EUR/USD falls
The US May monthly jobs report has just been released and
Non-farm payrolls were expected to rise by 88k. They have risen by 172k
The previous monthly gain of 115k has been revised higher to 179k
The rate of unemployment was forecast to remain at 4.3% and has remained at that level
Annualised average wages were forecast to rise by 3.4%. They have done exactly that
The EUR/USD was trading down from session highs (1.1644) just ahead of this data, at around 1.1635. The immediate reaction since has seen it fall back and and given how good that US jobs report was it is hardly surprising. The EUR/USD just hit 1.1611. It is right now at 1.1613
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