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Forex Analysis & Reviews: Strong non-farms are pushing the euro down
time 07.10.2022 11:01 PM
time Relevance up to, 08.10.2022 02:41 PM

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EURUSD

US employment report (Nonfarm): +263,000 - above the forecast.

Unemployment unexpectedly fell to 3.5% - growth was predicted.

Strong data is interpreted as negative for the stock market as the Federal Reserve gets arguments for new rate hikes.

The euro is falling, we are waiting for the euro to continue falling against the dollar.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2023
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