FxPro - Analytics

FxPro

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Strong US payrolls leading to surging dollar

Strong employment report from the US resulting in a surging dollar, with headline rising 257k and the prior 2 months rising 147k. The rate was steady at 6.6%. USDJPY surging up above 118, with EURUSD down to 1.1360, down 1 big figure from levels prior to the release. The other factor helping the dollar was the strength in earnings, up 2.2% in YoY terms with upward revision to the prior month (from 1.7% to 1.9%).

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