EUR/USD currency pair is rising despite the good news from US labor market. Reports about employment were surprisingly good, especially considering grim forecasts.
Nonfarm payrolls declined in August at the same pace (revised upward) as in July: -54k jobs. The report showed much slower decrease, than was expected (-101k). Unemployment rate changed little at 9.6% compared to the previous reading of 9.5%, matching forecasts.
ISM services index declined from 54.3 in July to 51.5 in August. The decline was more significant than an anticipated drop to 53.6.
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