International News
Friday’s Nonfarm Payroll report showed that the United States added another 215k jobs to its economy in July. Although the headline number was weaker than an expected 223k, the greenback strengthened against a basket of major currencies upon the release. Together with recent comments from Fed officials, the labour data has increased the probability of a first rate hike in September. Post release, EUR/USD lost 1.10% of its value, falling as low as 1.0854 before retracing mid-afternoon to close at 1.0965 [...]
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