Forex: EUR/USD collapses after good US unemployment report

By @ibtimes on

FXstreet.com (Barcelona) - The Euro has fallen quickly against the Dollar on the back of the better than expected US November employment data. EUR/USD has decline from MA55 hourly level at 1.5075 to trade below MA200 hourly at 1.5030 in the minutes following the data. Currently the pair is trading around 1.5010/20, 0.30% below today's opening price action at 1.5050.

U.S. non-farm payrolls have declined by 10,000 in November, instead of the 111.000 decline expected by the analysts; Unemployment rate has declined to 10.0% from 10.2% in October; Dollar appreciates while Yen crosses drop.

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