May employement increased by 431k, mostly based on goverment hiring of census workers. The actual employment growth was only 41k jobs.
The official unemployment rate declined slightly to 9.7 percent.
The jobs report had very little effect on the forex market as risk aversion was already present with the Euro declining again and the yen rising against everything.
Speaking of risk aversion, the Euro seems to have clearly broken it’s previous supports and it looks like a drop to 1.16 is eminent.
The official unemployment rate declined slightly to 9.7 percent.
The jobs report had very little effect on the forex market as risk aversion was already present with the Euro declining again and the yen rising against everything.
Speaking of risk aversion, the Euro seems to have clearly broken it’s previous supports and it looks like a drop to 1.16 is eminent.
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