Strong nonfarm payrolls send greenback flying
EUR/USD 🔽
GBP/USD 🔽
AUD/USD 🔽
USD/JPY 🔼
USD/CAD 🔼
XAU 🔽
WTI ▶️
US nonfarm payrolls in July added 528,000 jobs, shattering the original estimate of 290,000 and reaching a five-month high. The strong employment readings seemingly dispelled recession fears, and would likely extend the string of aggressive rate hikes from the Federal Reserve.
The surprise boost for the greenback sent its peers to a sharp decline, GBP/USD recovered from 1.2025 to a closing price of 1.2071. EUR/USD closed lower at 1.0181, despite optimistic industrial production data from Germany and France. Mixed Chinese economic data didn’t stop the Aussie from falling to 0.6909 against the US dollar.
Meanwhile, the USD/JPY pair gained over 210 pips to 134.97 as the notable performer, and USD/CAD rose to a high of 1.2977 then stabilized and closed at 1.293. Gold futures were also spooked to $1,781, then rebounded to 1,791.2 an ounce.
WTI oil futures experienced minor fluctuations, mostly traded flat at $89.01 a barrel.
More information on Mitrade website.
GBP/USD 🔽
AUD/USD 🔽
USD/JPY 🔼
USD/CAD 🔼
XAU 🔽
WTI ▶️
US nonfarm payrolls in July added 528,000 jobs, shattering the original estimate of 290,000 and reaching a five-month high. The strong employment readings seemingly dispelled recession fears, and would likely extend the string of aggressive rate hikes from the Federal Reserve.
The surprise boost for the greenback sent its peers to a sharp decline, GBP/USD recovered from 1.2025 to a closing price of 1.2071. EUR/USD closed lower at 1.0181, despite optimistic industrial production data from Germany and France. Mixed Chinese economic data didn’t stop the Aussie from falling to 0.6909 against the US dollar.
Meanwhile, the USD/JPY pair gained over 210 pips to 134.97 as the notable performer, and USD/CAD rose to a high of 1.2977 then stabilized and closed at 1.293. Gold futures were also spooked to $1,781, then rebounded to 1,791.2 an ounce.
WTI oil futures experienced minor fluctuations, mostly traded flat at $89.01 a barrel.
More information on Mitrade website.
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