Friday, 3 December 2021

NFP Disappoints, 235k v/s 550k, USD Bid After Pullback

This morning's NFP report had a disappointing headline figure to go along with Average Hourly Earnings. But, the unemployment rate dropped to 4.2%, beyond the Fed's threshold for 'maximum employment.'

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...