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EUR/USD update (6th July 2012, 15:30)

The euro slumped 0.64% to $1.2312 this afternoon after the key US labour report indicated that far fewer jobs were added in June than earlier forecast.

Speculation about another round of QE by the Fed following new rounds of monetary easing by the ECB, BoE and PBoC yesterday had provided the euro with a temporary boost, although the respite proved to be short-lived following better-than-expected ADP employment figures.

Risk appetite seemed to be completely eroded on Friday, however, after the US Labor Department announced the world’s largest economy added 80,000 jobs in June, less than the forecast figure of 100,000. 
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EUR/USD update (6th July 2012, 15:30)

The euro slumped 0.64% to $1.2312 this afternoon after the key US labour report indicated that far fewer jobs were added in June than earlier forecast.

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