The Greenback fluctuated based on the releases of the controversial reports from Bureau of Labour Statistics on Friday. The EUR/USD currency pair rose by 16 pips in the first 5 minutes, however the trend reversed right after, causing the pair to tumble almost twice as much.
The Bureau of Labour Statistics simultaneously released 3 reports on Friday: average hourly earnings, non-farm employment change and unemployment rate, from which only the first 2 had a notable impact on the exchange rate. The upmove in the EUR/USD currency pair was caused by lower-than-expected average hourly earnings data, while the downtick was driven by better-than-expected non-farm employment change figures.
