Forex news for US trading on August 7, 2015:
– US average hourly earnings 2.1% vs 2.3% exp y/y
– Unemployment rate 5.3% vs 5.3% exp
– Canada full time employment change -17.3k vs +64.8k prev
A second look at non-farm payrolls raised fresh questions. The knee-jerk reaction to the report was much higher in the US dollar. In particular, the euro felt the brunt as EUR/USD dropped to 1.0856 from 1.0950 before the data.
