Yesterday, USD weakened against most major currencies except GBP, EUR and JPY.
The U.S. jobs report released yesterday indicated a positive outlook in the jobs market. Due to continued resumption of economic activity, there was a surge in the number of jobs being added into the economy in June while unemployment rate declined from 13.3% to 11.1%. The falling of average hourly earnings from -1.0% to -1.2% reflects the job gains among lower-paid workers, thus adding a downward pressure on the data.
Average Hourly Earnings m/m (Actual: -1.2%, Forecast: -0.8%, Previous: -1.0%)