FX.co - Strong non-farms are pushing the euro down

2022-10-07T21:01:00

Relevance until2022-10-08

EURUSD

US employment report (Nonfarm): +263,000 - above the forecast.

Unemployment unexpectedly fell to 3.5% - growth was predicted.

Strong data is interpreted as negative for the stock market as the Federal Reserve gets arguments for new rate hikes.

The euro is falling, we are waiting for the euro to continue falling against the dollar.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Strong non-farms are pushing the euro down