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June 1, 2012

Assessing EUR/USD’s Reaction to the Poor Non-Farm Payroll Release

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The Non-Farm Payroll data was dismal. Not only did May's data of 69K fall short of the forecast of 150K, April's 115K was revised down to 77K. Unemployment also rose to 8.2% after 8.1%. The EUR/USD reacted initially with the typical risk-off dynamic, pushing below 1.2330 to about 1.2287. But perh... FF News: Technical

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