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USD sharply down after NFP report

Friday, Apr 03 2015
Total nonfarm payroll employment increased in March (+126,000). Analysts were predicting increase by 246,000. Over the prior 12 months, employment growth had averaged 269,000 per month. In March, employment continued to trend up in professional and business services, health care, and retail trade, while employment in mining declined. 
 
The unemployment rate held at 5.5%, and the number of unemployed persons was little changed at 8.6 million. This was in line with market forecasts. Over the year, the unemployment rate and the number of unemployed persons were down by 1.1 percentage points and 1.8 million, respectively.
 
After the data USD was pushed sharply lower. Euro is currently being traded at 1.0970 level, Sterling is few points  below 1.49 handle, while Aussie ia around 0.7640 area.
More in this category: « Sterling stable above 1.48 handle ahead of NFP report USD - Major events in the week ahead »

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