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The October US jobs report has just been released. Non-farm payrolls were forecast to rise by around 100-115k last month, down form the 254k rise in September. They have actually risen by just 12k . The unemployment rate is unchanged at 4.1% and average annualised wages have risen by 4%, which was also expected. The immediate impact of this news has seen the USD/JPY slide below 152. The dollar was trading around 152.80 before this news broke. There could have seen some Hurricane impacts which helped to deliver this really low number. The USD/JPY is currently trading at 151.97
Owing to technical issues there will be no further updates this afternoon. It is hoped that Quick News coverage will resume when the Amazon results...
Earlier today an update here noted the EUR/GBP was most definitely in play today and as you can see that is very much the case. So, as the GBP/USD has...
The Bank of England (BOE) has just announced the outcome of its monetary policy decision. The overwhelming general consensus was for a cut of 0.25%...
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