Yesterday, USD weakened against most major currencies except AUD and CAD.
The Non-Farm Payroll data released last Friday indicated continued recovery of the job market, likely due to the easing of COVID-19 restrictions and the resumption of economic activities. Despite the resurgence in the number of COVID-19 cases, unemployment rate has declined by 1% from 7.9% to 6.9%.
Also over the weekend, European Union diplomats said that the EU will be imposing tariffs on $4 billion worth of U.S. goods this week. This tit for tat move is in retaliation for U.S. subsidies for planemaker Boeing.
The Non-Farm Payroll data released last Friday indicated continued recovery of the job market, likely due to the easing of COVID-19 restrictions and the resumption of economic activities. Despite the resurgence in the number of COVID-19 cases, unemployment rate has declined by 1% from 7.9% to 6.9%.
- Average Hourly Earnings m/m (Actual: 0.1%, Forecast: 0.2%, Previous: 0.0% revised from 0.1%)
- Non-Farm Employment Change (Actual: 638K, Forecast: 595K, Previous: 672K revised from 661K)
- Unemployment Rate (Actual: 6.9%, Forecast: 7.7%, Previous: 7.9%)
Also over the weekend, European Union diplomats said that the EU will be imposing tariffs on $4 billion worth of U.S. goods this week. This tit for tat move is in retaliation for U.S. subsidies for planemaker Boeing.
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