Euro reviving after Friday’s weakening

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The euro/dollar on Friday closed down. The USD strengthened on strong US labour market data. The amplitude of the price fluctuations was a full figure because of the news. Job creation outside the agricultural sector in July increased 255k against a 180k forecast. The numbers for the two previous months were reassessed upwards. May rose from 11k to 24k and June rose from 287 to 292. This is a total reassessment rise of 18k. The level of people in the working population rose by 0.1% to 62.8% and the unemployment level remained unchanged at 4.9% (forecasted: 4.8%). The US hourly wage index in June was up 0.3% (forecasted: 0.2%, ... (Read the full story)