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Euro declines against dollar after US jobs report

04/09/2020
Source : Dow Jones Newswires French
Categories: Economy/Forex

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-The euro is falling against the dollar after the publication of a better-than-expected report on non-farm employment in the United States in August, which reinforces investors' optimism about the recovery of the US economy. In August, 1.371 million jobs were created and the unemployment rate fell to 8.4 percent from 10.2 percent in July. Economists polled by the Wall Street Journal expected the creation of 1.321 million net new jobs and an unemployment rate of 9.8 percent. The average hourly wage rose 0.4 percent month-on-month and 4.7 percent year-on-year, higher than economists' forecasts of stagnation over the previous month and a 4.5 percent year-on-year increase. The euro is trading at $1.1800, up from $1.1849 before the release of the jobs report.

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