1:35 PM · 3 June 2022

BREAKING: USD weakens slightly after upbeat NFP data

The US economy added 390k/million jobs in May, compared to a 428k increase in April and above market expectations of 325k. It is the smallest job gain since April 2021. Still the US economy is about 850k million jobs short of the peak in February of 2020.
The jobless rate remained unchanged at 3.6% and above market estimates of 3.5%.
Closely watched wage growth fell to 5.20% YoY, after 5.5% increase in April and in line with market expectations. On a monthly basis remained unchanged at 0.3% and below analysts projections of 0.4% rise.

EURUSD initially currency pair fell after however buyers manage to quickly regain control and price is testing the 1.0738 level. Source: xStation5

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