U.S. Unemployment Rate 7.5%

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The U.S. unemployment rate dropped to a new 4-year low of 7.5%.


The Non-Farm employment report was better than expected today showing that payrolls rose 165K last month, more than the expected 146K.

The EURUSD isn’t moving too much today so far. As the market digests this news and the Euro interest rate cut, it’s likely the EURUSD could drop through the beginning of next week.

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