SubscribeUS Session: US Unemployment Rises To 10.2%, But Drop In Risk Appetite Should Be Temporary
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FX markets have oscillated briskly since the US employment data this afternoon, as the Unemployment Rate posted a shock 10.2% against estimates for 9.9% (from last month’s 9.8%). The Change in Non-Farm Payrolls themselves were also worse than expected at -190k (vs. -175k consensus), but the figure was sweetened somewhat by last month’s upward revisions to -219k from -263k.
We expected worse… |
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