Forex news for US trading on February 3, 2017
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The headline Non Farm payroll number showed a nice size gain of 227K vs 180K estimate and the greenback went initially higher. Then the realization that the average hourly earnings were light at 0.1% vs 0.3% estimate (YoY was 2.5% vs 2.8% estimate) AND the unemployment rate rose to 4.8% from 4.7%, sent the dollar back lower. Bond yields fell with the 10 year down near 5 bp at the lows, helping to contribute to the decline.
Forexlive Americas Forex news wrap: US jobs strong. Wages disappoint.
