European Session – Consolidation until nonfarm payrolls
Posted on June 6, 2014 at 1:43 pm GMTThe US dollar was on the whole weaker today against most major counterparts and the euro and pound and yen mostly consolidated gains made in the aftermath of the European Central Bank policy decision from yesterday. With the ECB out of the way, the market’s focus turned to the US nonfarm payrolls data today. The US economy added 217,000 nonfarm jobs in May, according to the US Labor Department. A Reuters poll estimated employment would rise by 218,000. Nevertheless, it [..]