1:34 PM · 2 September 2022

BREAKING: USD weakens after upbeat NFP data

Highly anticipated NFP report was released at 1:30 pm BST and showed the US economy added 315k jobs in August, compared to a 526k increase in July and above market expectations of 300k and points to the broad-based hiring across many sectors.

The jobless rate rose to 3.7% from 3.5% last month and above market estimates of 3.5%.

Closely watched remained unchanged at 5.2% YoY, below market expectations of a 5.3% YoY.

EURUSD pair broke above parity level following NFP release. Source: xStation5

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