CM: Dollar eases after disappointing payrolls report
FXstreet.com (Barcelona) - The Dollar has plunged against the Yen and pulled down slightly from session highs agaist Euro and Pound after the release of a well lower than expected increase on US Non-Farm payrolls, and a poor reading on private employment creation.
USD/JPY rally has been capped at 92.90, and the pair has plunged about 100 pips lower after the release of US non Farm payrolls, reaching session low levels at 91.90.
EUR/USD has bounced up from fresh 4-year low at 1.2020 to 1.2070 level, while the GBP/USD bounced up from 1.4540 to reach 1.4580 area after the release iof payrolls data.
US Non-Farm payrolls have increased by 431K in May,well below the 530K expected by the markets, while the unemployment level dropped to 9.7% in May from 9.9% in April. The real disappointment, though has been the 41K increase on private payrolls, as the market consensus had called for a 180,000 increment.
