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Enter your emailThere is a likelihood that the pair will break out lower in the coming days as investors anticipate a divergence between the Fed and the ECB.Timeline: 3 days. pair tilted higher on Friday as investors reflected on the latest American jobs numbers.TRADE EUR/USD NOWThe US labor market is going through a strong transition as the economy reopens from the Covid-19 pandemic. Data published last week sent a mixed situation about the labor market.
On Wednesday, data by ADP revealed that the country’s private sector added over 800k jobs in December. That was about 300k more than what it added in the previous month. Further, on Thursday, official numbers revealed that the country’s initial jobless claims are hovering at about 200k. However, the closely watched unemployment rate figure declined to a pandemic-era low of 3.9% in December. It has declined consistently in the past few straight months. Another impressive number was on wages, which analysts were watching closely. Average hourly earnings rose by 0.6% from November, leading to an annual increase of 4.7%.
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