US Dollar Rises vs. Euro on Non-Farm Payrolls

The US dollar gained against the euro today, ending the 4-day decline, as the US non-farm payrolls provided better-than-expected results.
The forecast of a 191,000 increase of the payrolls was considered very optimistic, but reality turned out to be even better as the increase was 216,000. The unemployment rate also made a pleasant surprise, going down to 8.8 percent, while it was expected to stay at 8.9 percent.
EUR/USD slipped from 1.4157 to 1.4099 as of 13:38 GMT today.

If you have any questions, comments or opinions regarding the US Dollar,
feel free to post them using the commentary form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

seventy three − = 65