U.S Nonfarm Payroll data released on Friday exceeded market expectations | Rebecca Duthie

The EUR/USD Pair Showed Local Speculative Interest In Short Positions Yesterday

U.S Nonfarm Payroll data released on Friday exceeded market expectations despite the current concerns of a slowing U.S economy and continuous surging inflation  competing with strong consumer spending. The question going forward is how this data will affect the Federal reserves interest rate hike path. Despite the concerns around the US economy heading towards a recession, the labour market has remained resilient until now. 

The EUR/USD Pair Showed Local Speculative Interest In Short Positions Yesterday

Rebecca Duthie

Remote Editor and writer Intern
FXMAG.COM

Rebecca has a bachelors degree in Investment Management, a Post Graduate Diploma in Financial Planning and is currently enrolled in a Masters program in International Management with a Specialization in International Finance.