The US dollar weakens its position

The American currency was under pressure across the entire spectrum of the market becaus of the weak report on employment in the US. Despite the fact that the number of jobs did not meet the expectations of the market. The average hourly wage was at the zero mark, which indicates a low quality of newly created places. A positive note in the report was the decrease in the unemployment rate and the revised previous values ​in the upward direction. Read more about employment data https://esterholdings.com/en/category/novosti-rinka/.

As a result, the pair EUR/USD is trying to exit the side corridor and gain a foothold above 1.1680-1.1700, which will indicate the testing of the first expectations https://esterholdings.com/en/2017/11/03/eur-usd-segodnya-para-gotovitsya-k-nfp. Since the market was partly ready for the controversial report of the NFP, it is not worth expecting a rapid weakening of the American.

Hanzenko Anton