03.06.2016 - Unemployment in the US declined to 4.7%
Today has been published statistics on the US labor market, which disappointed investors and increased the probability of keeping the Fed interest rates in the next two months. Thus, the number of new jobs outside the agricultural sector increased by 38 thousand, against the forecast of 166 thousand. The figure for April was revised from 160 thousand to 123 thousand. At the same time, the unemployment rate decreased by 0.3% to 4.7% due to the reduction of the workforce by 664 thousand. Given this statistic, we expect the euro price increase in the near future with the potential of reaching 1.1400, but the medium-term outlook remains negative.