Last Friday, USD weakened against all major currencies.
The U.S. jobs report released last Friday indicated more jobs were being added in May than in April. However, as the market was expecting a stronger figure, the actual lower-than-forecast release was a disappointment, leading to the weakening of the U.S. dollar. Nonetheless, unemployment rate continues to decline.
The U.S. jobs report released last Friday indicated more jobs were being added in May than in April. However, as the market was expecting a stronger figure, the actual lower-than-forecast release was a disappointment, leading to the weakening of the U.S. dollar. Nonetheless, unemployment rate continues to decline.
- Average Hourly Earnings m/m (Actual 0.5%, Forecast: 0.2%, Previous: 0.7%)
- Non-Farm Employment Change (Actual: 559K, Forecast: 645K, Previous: 278K revised from 266K)
- Unemployment Rate (Actual: 5.8%, Forecast: 5.9%, Previous: 6.1%)