NFP missed, the USD went higher
Skerdian Meta • 1 min read
The US non-farm payrolls were expected at around 200k but they missed and posted 160k. The participation rate fell by 0.2% which held the unemployment rate steady at 5.0%, otherwise it would have ticked up two points. The monthly wage inflation came at 0.3% as expected. The US Dollar declined about 50 cents right after the release but quickly reversed and right now it is higher than before the release against most majors. This shows that the market sentiment is bullish towards the USD.
GBP/USD is lower even though the NFP missed the expectations