US dollar rallies after non-farm payrolls, then gives it back

News

The details of the US jobs report were strong but the dollar has been unable to hold onto gains. Jobs were strong in the household survey but the establishment survey was pushed up by strong government hiring or would have missed estimates.

The numbers all landed in a holiday-thinned market and and that could be a factor as well.

In any case, the US dollar rallied broadly on the headline but has now given most of it back.

EURUSD 10 mins

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