Disappointing data: 223K job gains, earnings 0% m/m, 2% y/y. The unemployment rate is 5.3% but the participation rate is only 62.6%, lowest since 1977. Most data points fall short. The bigger disappointment comes from wages.
USD down with EUR/USD recapturing 1.11. However, the moves aren’t that strong.
Read the rest of the article Non-Farm Payrolls: only +223K, wages flat – USD slips