The long-awaited US labour market data for July has just been released. The NFP report turned out to be a positive surprise. The data showed that the US economy added 943k jobs in July.
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Nonfarm payrolls: 943k (vs exp. 900k)
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Unemployment rate: 5.4% (vs exp. 5.7%)
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Wage growth: 4.0% YoY (vs exp. 3.9% YoY)
How did markets react after the release? The US dollar strengthened and US equity futures gained slightly as well. US500 climbed to fresh all-time highs. Gold and silver plunged on the strong greenback.
Source: xStation5
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