The Eurozone’s single currency weakened against the Greenback, following the UK non-farm employment change data on Friday. The EUR/USD currency pair skyrocketed 24 pips, or 0.19%, to continue fluctuating in the 1.2272 area.
The Bureau of Labor Statistics revealed much lower-than-expected data in non-farm employment change in March. However, there was an employment growth of 103K, it decreased more than three times from 326K in the prior month. Without non-farm employment change, there were two more data sets that came out simultaneously. Average hourly earnings stayed in line with the forecast, however, the unemployment rate came out to be 4.1%, which was 0.1% more than expected.
