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
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰