US nonfarm payrolls exceed estimates again
EUR/USD 🔼
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔼
The latest US nonfarm payrolls data has reflected a tight labor market, increasing 261,000 jobs in October, against projections between 200,000 and 240,000. Meanwhile, the unemployment rate has increased slightly to 3.7%, though the market expected only 3.6%.
However, brief hopes for China to lift pandemic-related restrictions have strengthened major currencies toward the greenback. EUR/USD climbed and stabilized at 0.996, edging toward parity. GBP/USD added almost 220 pips to 1.1375, the Aussie/dollar pair has gained the most by rising more than 3.0% to 0.6478.
USD/CAD dropped over 270 pips to 1.3478, and USD/JPY retreated to 146.59.
Both stocks and commodities have recovered, and all three major stock indices have increased over 1.2% on Friday. Spot gold jumped more than $50 to $1,681.38 an ounce, as WTI oil futures returned above the $90.00 level to $92.61 a barrel.
GBP/USD 🔼
AUD/USD 🔼
USD/CAD 🔽
USD/JPY 🔽
XAU 🔼
WTI 🔼
The latest US nonfarm payrolls data has reflected a tight labor market, increasing 261,000 jobs in October, against projections between 200,000 and 240,000. Meanwhile, the unemployment rate has increased slightly to 3.7%, though the market expected only 3.6%.
However, brief hopes for China to lift pandemic-related restrictions have strengthened major currencies toward the greenback. EUR/USD climbed and stabilized at 0.996, edging toward parity. GBP/USD added almost 220 pips to 1.1375, the Aussie/dollar pair has gained the most by rising more than 3.0% to 0.6478.
USD/CAD dropped over 270 pips to 1.3478, and USD/JPY retreated to 146.59.
Both stocks and commodities have recovered, and all three major stock indices have increased over 1.2% on Friday. Spot gold jumped more than $50 to $1,681.38 an ounce, as WTI oil futures returned above the $90.00 level to $92.61 a barrel.
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