This article was first published on FXTM Global.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
If horrendous job numbers are unable to faze King Dollar, then what can?US non-farm payroll employment dropped by a staggering 701,000 in March, the worst in 11 years as the coronavirus outbreak swept through the United States like a crazy tornado. The unemployment rate jumped from 3.5% to 4.4%, its largest over-the-month increase since January 1975 while average hourly earnings rose 0.4% month-on-month.This disappointing US jobs report continues to illustrate a very gloomy picture and highlights how badly the black swan event is impacting the largest economy in the world. Could this... Read More
To keep reading this article, please navigate to: FXTM Global.