Non-farm payrolls lose 701,000 despite incomplete accounting while the US dollar continues to gain on safety trade from global virus economic impact, FXStreet’s analyst Joseph Trevisani reports. Key quotes “American non-farm payrolls shed 701,000 jobs in March, more than the worst loss during the financial crisis and surprising markets with the Labor Department’s ability to capture the rapid job losses.” “Unemployment rose from a fifty-year low of 3.5% to 4.4% in March but here also the speed of the changes in the labor force outpaced the ability of statisticians to capture it.” “The dollar gained modestly against the euro on the release rising from 1.0800 to 1.0778 reinforcing its safety status for the world’s currency markets. The greenback rose to 108.56 against the yen from 108.40.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD struggles near weekly lows, around 0.60 mark FX Street 2 years Non-farm payrolls lose 701,000 despite incomplete accounting while the US dollar continues to gain on safety trade from global virus economic impact, FXStreet’s analyst Joseph Trevisani reports. Key quotes “American non-farm payrolls shed 701,000 jobs in March, more than the worst loss during the financial crisis and surprising markets with the Labor Department’s ability to capture the rapid job losses.” “Unemployment rose from a fifty-year low of 3.5% to 4.4% in March but here also the speed of the changes in the labor force outpaced the ability of statisticians to capture it.” “The dollar gained modestly against the euro on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
