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BREAKING: EURUSD plunges on upbeat NFP data

2:33 PM 3 February 2023

Highly anticipated NFP report was released at 1:30 pm GMT and showed the US economy unexpectedly added 517   k jobs in January, compared to 223k increase in December and well above market expectations of 185k. 

The jobless rate declined to 3.4% from 3.5% last month and below market estimates of 3.6%. 

Closely watched wage growth fell to 4.4% YoY, from 4.6% increase in December and above market expectations of a 4.3% YoY.

EURUSD pair broke below support at 1.0870 after release of NFP data. Source: xStation5

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