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
Daily Summary: Buyers continue to dominate the markets despite geopolitical turmoil⏰
Economic calendar: German CPI in focus. What's next for DE40? (29.05.2026)
Daily Summary: Is the End of the War Drawing Near? (28.05.2026)
⬆️EURUSD Rebounds Following Weak US Data