The data published by the US Bureau of Labor Statistics revealed on Friday that Nonfarm Payrolls increased by 860,000 in June. With this reading beating the market consensus of 700,000, the US Dollar Index (DXY) jumped to a fresh multi-month high of 92.74 with the initial reaction. Nevertheless, the greenback struggled to preserve its strength and allowed EUR/USD to reverse its direction.
Comment:
The market pullback to 3M key level But the overall direction remains unchanged.