The USD closed higher on Friday after the jobs report surpassed market expectations. The headline came at almost 1 million jobs created in March, while the unemployment rate ticked down to 6%.
The table on the left side shows the last 5 Non Farm Payrolls releases, surprise (actual-consensus) and dollar performance on the day. The chart on the right shows the average % move 30 minutes into the release of the event, paired with an upper and lower bound (+1 standard deviations from the mean).
The average USD/EUR % move shows the dollar weakening 30 minutes after the Non Farm Payrolls report is released for the last 5 Non Farm Payrolls releases, however, it is worth noting that the USD has come up and closed higher on 4 out of the 5 last events. This is despite of a beat or miss in the headline.
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