The Greenback weakened against the European single currency on the US data on Friday pointing to the healthy economic conditions. The EUR/USD jumped 22 base points to the 1.1760 mark, where the bullish sentiment was sustained, putting the pair higher to the 1.1780 level.
The US employment grew at a strong pace in November, confirming the country’s healthy economic state, which analysts see not requiring the Donald Trumps’ proposed fiscal stimulus, even with the moderate pay growth. The Labour Department showed that non-farm payrolls added 228K positions, while average hourly earnings increased 0.2% in the reported month, boosting the yearly rise in wages to 2.5%. Data also showed the jobless rate unaltered at a 17-year low of 4.1%.
