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Back Fundamental analysis
US labor market nearly stalled
The euro and pound rose against
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The euro and pound rose against the dollar last Friday after the US September jobs report, but the upswing was short-lived, and the pairs have since resumed declines. As the report showed, nonfarm payrolls increased by just 29,000, well below the economist consensus of 90,000 and the revised August print of 133,000 (initially reported as 162,000). In addition, July was revised from +21,000 to -10,000. The two-month cumulative revision totaled -60,000. I read these figures as an argument against immediate additional
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Jakub Novak,
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