The US dollar weakened today against most major currencies after the government report showed that growth the US
The
The depressing unemployment data was a total surprise to market participants, considering the yesterday’s positive report from Automatic Data Processing. Usually, payrolls follow trend showed by ADP employment report. This time, however, these two reports showed a completely different picture of the labor market in the US.
USD/JPY closed today at 80.58 after opening at 81.22 and climbing to 81.47. USD/CHF dropped from 0.8440 to 0.8359. Meanwhile, EUR/USD went down from 1.4361 to 1.4262.
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