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Non Farm Payrolls misses expectation by a big margin

EURUSD News by Newsroom on 09:01 January 05, 2018 EST

The US economy added 148,000 jobs in December. That's shy of the 185K expected. November's 228,000 jobs gain was revised up to 252,000.

Unemployment rate steady at 4.1% and increase in average earnings at 0.3% also stable.

The annual rate of hourly average earnings held at 2.5% as inflation risks are still not igniting their way into the real economy.

The S&P 500 index up minutes after the news release at 2733. QQQ +0.6% and SPY +0.35%.

EURUSD and USDJPY steady a while later but gold spiked above $1320/oz.

Benchmark 10-year U.S. Treasury bond yields fell 2.6 basis point to 2.44% while the dollar index, which benchmarks the greenback against a basket of six global currencies, eased back below 92 to the near 3 months low.