EUR/USD trades flat as now after falling earlier during the current session. The currency pair demonstrated a huge rally yesterday, and while US nonfarm payrolls were good, it was not enough to reverse the upward momentum of the pair.
Nonfarm payrolls grew by 211k in November, the growth being not far from analysts’ predictions of 201k. The already huge October’s gain of 271k was revised to even bigger number of 298k. Nonfarm payrolls remained at 5.0% as was expected. Average hourly earnings increased by 0.2%, matching expectations, after rising 0.4% in the preceding month. (Event A on the chart.)
Trade balance deficit was at $43.9 billion in October, up from $42.5 billion in September (revised from $40.8 billion). Experts had promised the shortage to shrink to $40.6 billion. (Event A on the chart.)
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