Source: Advanced Currency Markets |
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The headline event on Friday was the release of December’s non-farm payrolls and US unemployment rate, both of which came out much better than expected. Headline payrolls jumped by 200k (compared to expectations of 155k), and contrary to expectations that unemployment would rise from 8.6% to 8.7%, the reading actually fell to 8.5%. All this paints an encouraging picture of recovery within the US… | ||||||||||||||||||||
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