08.07.2016 - Unemployment in the US rose to 4.9%
Today was published an important labor market statistics for June, which has led to increased volatility in the currency market. Thus, the dollar strengthened after the data according to which the number of non-farm payrolls increased by 287 thousand against the forecast of 175 thousand and 11 thousand in the previous month. The unemployment rate rose by 0.2% to 4.9%. The probability of the Fed raising interest rates at the end of the month is very low, but the negative impact of the British referendum will continue to put pressure on the euro in the near future. We forecast a drop in Europeans currency in the medium term with the closest targets at 1.0850 and 1.0700.