EUR/USD keeps the neutral stance unchanged at the end of the week after the US economy lost 20.5M jobs during last month, a tad above expectations for a drop of 22M jobs and down from the March’s drop of 870K recorded in March (revised from 701K).
Further data showed the jobless rate climbed to 14.7% (vs. 16.0% forecasted) and the critical Average Hourly Earnings – a proxy for inflation via wages – expanded 4.7% MoM and 7.9% over the last twelve months, both prints surprising to the upside.
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