Safe-haven demand lifts dollar, despite NFP shock

The euro-dollar currency pair traded around 1.1560 on Friday, with EURUSD down 0.40% on the last day of the week after briefly rebounding toward 1.1590 following the release of the latest US labour market data. The non-farm payrolls (NFP) report published by the US Bureau of Labor Statistics showed that employment declined by 92,000 jobs in February, sharply missing expectations for an increase of 59,000. The previous month’s figure was also revised slightly lower to 126,000. At the same time, the unemployment rate rose to 4.4% from 4.3%, while the Labor Force Participation Rate edged down to 62%. However, wage The post Safe-haven demand lifts dollar, despite NFP shock appeared first on Financial Mirror .