FXstreet.com (Barcelona) - The Dollar has declined against its main rivals, to trim previous gains immediately after the release of US non-farm payrolls data, which posted a substantially lower than expected increase in December.
USD/JPY, which was trading at 83.70, 3-week high, right before the release of NFP data, has spiked down to session low at 82.85, to bounce up to 83.30 area shortly afterwards, while the GBP/USD recovery from 1.5405 low on Early European session has extended about 65 pips higher to 1.5515.
The EUR/USD has bounced up from 1.2945, 3-month low, although, unable to break through 1.3020 day gigh, the pair has returned to 1.2945 area.
US Non farm employment has increased by 103K in December, well below market expectations of an increase between 150 and 175K, following a 71K increment in November, upwardly revised from the 39K initially estimated. Unemployment rate has declined to 9.4% in December from 9.8% in November.
