Friday, 2 June 2023

May Jobs Report: NFP Smashes Estimates as US Unemployment Rises to 7-Month High

NFP rises once more with April's number seeing an upward revision. The unemployment rate did tick higher further complicating the job of the Federal Reserve ahead of its June meeting.

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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...