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USD Soars on Surprise May Jobs Beat; EUR/USD Tumbles as Fed Hike Odds Jump

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The Story

News Summary

  • US May non-farm payrolls surged to 172K, far exceeding 85K expectations, with significant upward revisions.
  • Strong wage growth and labor market resilience suggest Fed rate hikes likely, boosting USD and pressuring EUR.
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EURUSD price history

1.16 +0.00% over the displayed period

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