Day: September 7, 2007

Nonfarm Payrolls Drop in August

EUR/USD spiked high almost reaching 1.3800 level as the U.S. nonfarm payrolls for the August decreased by 4,000. Nonfarm payrolls is one of the most important measures for the employment market of the United States, which in its turn serves as the indicator of the economy health. A fall by 4k is the lowest monthly value since 2003. This is certainly a bad sign for the overall U.S. economy, which will be (and already was) treated by the financial markets […]