A big miss in the March NFP: a gain of only 126K in March. Revisions make it worse. Wages rise 0.3% m/m, with 2.1% y/y. This is the lowest since December 2013. The unemployment rate falls to 5.5% but with the participation rate falls to 62.7%.
The USD is down, with EUR/USD hitting 1.10 — more coming
Read the rest of the article Non-Farm Payrolls only 126K – USD hit hard