1:34 PM · 7 August 2020

BREAKING: NFP in line with Beat/Well Below/Above Expectations/ Top 1.6 million

The US economy added 1.763 million jobs in July, compared to record 4.8 million increase in June and above market expectations of 1.580 million. It is the third straight month of employment gains after the economy lost a record 20.68 million jobs in April.

The jobless rate declined to 10.2% from 11.1% last month. Average hourly earnings rose 0.2% MoM and 4.8% YoY.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1820 level. Source: xStation5

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