He EUR/USD has plunged 85 pips immediately after learning that The US created 517,000 jobs in January, a figure well above the 185,000 expected. The pair has dipped below 1.0900, hitting a three-day low of 1.0844.
Non-Farm Payrolls not only increased more than expected in January, but December’s number was revised up, from 223,000 to 260,000. The unemployment rate fell one tenth, falling to 3.4% from 3.5% previously and 3.6% forecast. The most controversial point appears in wages, which grew by 4.4% year-on-year in January, below the estimated 4.9%, although in favor it should be noted that December earnings were revised upwards from 4.6% to the current 4.9%.
Waiting to digest the data and with an eye now on the Services ISM From the United States, which will be published at 15:00 GMT, the euro is trading against the dollar at 1.0860, losing 0.49% daily.
EUR/USD Technical Levels
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
