FXstreet.com (Barcelona) - U.S. markets fluctuate between positive and negative territory after larger than expected increase in unemployment rate; Dollar is returning to levels pre-nfp after having rallied on risk aversion.

Dow Jones Industrials Index trades practically at opening levels, while Nasdaq and S&P Indexes edge up 0.3% in the first hour of trading.

On the macroeconomic domain, us non farm payrolls volume has declined in August at its slowest pace in 12 months, -216,00, well slower than the 276,000 revised decline seen in July (previously estimated -247,000). The negative surpriise has been the unemployment rate jumping from 9.4% to 9.7%, the highest level since 1983.

Euro and Pound, returning to pre nfp levels

EUR/USD has dropped from levels around 1.4265 to test 1.4195 and bounce up to levels above 1.4200. At the moment of writing, the Euro trades at 1.4230.

GBP/USD dropped from levels around 1.6365 before nfp data, to hit an intra-day low at 1.6285 and return to levels around 1.6350 at the moment of writing.

USD/JPY moved back and fourth in a 100 pip range dropping from 92.85 to 92.25 to jump to 93.25 and return to levels around 92.85 one hour after nfp data was released.

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