Friday’s jobs report revealed the US economy lost 701k jobs in March, far exceeding the 100k expectation. The unemployment rate was similarly downbeat, up 4.4% vs. 3.5% the month prior.
Key risk events today: UK Final Services PMI; US Average Hourly Earnings m/m; US Non-Farm Employment; US Unemployment Rate; US ISM Non-Manufacturing PMI. (Previous analysis as well as outside sources – italics). EUR/USD: Although dipping briefly in response to the latest record weekly US claims figure soaring to 6.6 million, the buck quickly rebounded Thursday … Continue reading Friday 3rd April: DXY Bid Dominates Ahead of NFP