US Nonfarm Payrolls in February rose more than expected. US Dollar Index failed to capitalize on the upbeat labour market data. Nonfarm Payrolls in the US increased by 273,000 in February following January’s reading of 273,000 (revised from 225,000), the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in much better than the market expectation of 175,000. USD reaction Despite this upbeat reading, the US Dollar Index struggled to stage a meaningful recovery and was last down 0.7% on the day at 95.90. Further details of the publication revealed that the unemployment rate ticked down to 3.5%, Average Hourly Earnings rose 0.3% on a monthly basis and the Labor Force Participation Rate remained unchanged at 63.4%. 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 UK: Measures to benefit the pound – TDS FX Street 3 years US Nonfarm Payrolls in February rose more than expected. US Dollar Index failed to capitalize on the upbeat labour market data. Nonfarm Payrolls in the US increased by 273,000 in February following January's reading of 273,000 (revised from 225,000), the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in much better than the market expectation of 175,000. USD reaction Despite this upbeat reading, the US Dollar Index struggled to stage a meaningful recovery and was last down 0.7% on the day at 95.90. Further details of the publication revealed that the unemployment rate ticked down to… 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.
