US Jobs data beat expectations sending dollar lower and investors to equities
July 2, 2020
EUR/USD 1.1264 GBP/USD 1.2489 USD/CAD 1.3584 AUD/USD 0.6930 USD/JPY 107.57 USD/CNH 7.0736 USD/ILS 3.4446 USD/MXN 22.4861 USD/CHF 0.9445 USD/INR 75.00
The dollar slipped and equities rose following US jobs data as a slightly reopened economy added 4.8M jobs in June vs 3.2M expected. Unemployment also beat expectations and improved to 11.1%. Manufacturing data wraps the US economic calendar ahead of the holiday weekend.GBP
The pound gained ahead of US jobs data. PMI manufacturing data released yesterday showed the sector expanded slightly with a reading of 50.1.EURThe euro hit one week highs versus the dollar as option indicators pointed to the upside and Europe said that they have sufficient anti-viral supplies.CADThe loonie was steady against the dollar ahead of US jobs numbers and increasing COVID cases in the US. Markit PMI figures are due out today.ASIA/PACIFICRange bound yen is largely unchanged at 107.48 as early sales in the Asia session were offset by fix demand.
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