STARTRADER market research Camille reporting about Nonfarm report for August 2022
Nonfarm numbers increased by 315,000 during the month of August to exceed the expectations of 295,000 jobs. However, the unemployment rate rose to 3.7% from 3.5%. Meanwhile, the dollar index surging to a new two-decade high pushing gold below the 1,700 levels. On the Other hand, the European currency fell to the lowest level in 20 years despite the expectations to see a 75 basis points hike from the ECB.
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