European Session – US dollar jumps after nonfarm payrolls beat forecasts
Posted on October 3, 2014 at 1:25 pm GMTThe US dollar was broadly stronger today as markets anticipated the US employment report. The news of the rebound in jobs in September caused the dollar to surge as it raised speculation that the Federal Reserve would push forward the timing of the first rate hike. The nonfarm payrolls number for last month was forecast at 215,000 but the US economy surprisingly created 248,000 new jobs instead. Also the August figure was revised up to 180,000 from 142,000. The strong [..]