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USD Gains, Stocks Slip on Jobs Surge

DATA REACT
  • The considerably higher-than-expected jobs headline fuels a firm bid in the USD, putting EUR/USD under immediate pressure and to fresh session lows of 1.0848. Similar moves noted across G10 currencies, with USD/JPY seeing a sharp rally and GBP/USD slipping to the lowest levels of the week.
  • Equity markets see immediate losses, with the e-mini S&P shedding 30 points to hit session lows of 4138.50 before stabilizing slightly. The net result for US yields is positive, with the 10y yield adding close to 10bps in the immediate reaction.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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