US Dollar Price Whipsaws on US NFP Headline Beat
US Labor Report (NFPs) Release and US Dollar (DXY) Price Analysis and Charts.
- US NFPs shows 263,000 new jobs created in April
- US Dollar (DXY) mixed on headline beat and wages miss.
*** US Non-Farm Payrolls – Update to Follow Shortly ***
The April US Labor Report (NFPs) reported job growth of +263K beating expectations of +190k and a prior revised number of +189k from +196k
The US dollar (DXY) jumped on the headline beat but slipped back while EURUSD fell to its lowest level of the day before paring losses.
The closely watched average hourly earnings m/m increase of 0.2% compared to expectations of 0.3% and a revised higher reading of 0.2% recorded in March, while annual average hourly earnings missed expectations at 3.2% compared to 3.3% and a prior reading of 3.2%.
US Dollar (DXY) One-Minute Price Chart (May 3, 2019)
EURUSD One-Minute Price Chart (May 3, 2019)
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--- Written by Nick Cawley, Market Analyst
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.