A very strong US jobs report: A gain of 271K. Wages grew at a faster rate. It’s mostly positive albeit with little upward revisions — an upside of 12K. The unemployment rate slid to 5%. Participation is at 62.4% — unchanged. Y/y wages are at 2.5% — the fastest pace since July 2009.
USD is heavily bought as this is a strong report on many fronts. EUR/USD falls by more than 120 pips.
Read the rest of the article Non-Farm Payrolls beat expectations: 271K and higher wages — USD Jumps