Non-Farm Payroll beats forecasts
+ 209,000 jobs created, beating forecasts of 180,000
+ Unemployment rate has dipped to 4.3%
+ Wage growth picked up too
As the data is NFP, jobless and Wage growth data is positive, this will give the Fed encouragement to target another rate hike in 2017 as well as reducing Treasury bonds and mortgage-backed securities in September.
How the market reacted? As a result of impressive nonfarm payrolls report, the US dollar has gained significant strength against all the majors. The EUR/USD fell over 40 pips, GBP/USD dropped 56 pips and USD/JPY gained 67 pips.
Read the full report: http://www.yadix.com/forex-trading-community/announcements/non_farm_payroll_08_2017/output/
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