FXStreet (Córdoba) - The euro was among the currencies that rose the most after the US employment numbers for September that came considerably below expectations. EUR/GBP jumped from 0.7360 back above 0.7400.
NFP hits risk appetite
Stocks in Wall Street opened sharply lower. The Dow Jones was falling 1.42% and the Nasdaq was down 1.26%. In Europe, stocks erased gains and turned negative. Government bond yields declines sharply. The Swiss franc and the euro were the most beneficiated currencies in the risk aversion environment.
According to the US Labor Department, 142,000 new jobs were created in September, significantly below expectations of an increase of 203,000. August numbers were revised from 173,000 to 136,000 and July from 245,000 to 223,000. The unemployment rate stood at 5.1%.
EUR/GBP hits 4-month highs
The pair peaked at 0.7441, hitting the highest level since May. Then pulled back and it was trading at 0.7425/30. A weekly close above 0.7400 could have a significant impact in terms on technical analysts. It would be the highest since January.
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