FxPro Forex Analysis: Payrolls weaker

The dollar weaker after US payrolls report was weaker than expected on the headline measure. The 142k headline gain was below the 230k anticipated increase. The rate declined to 6.1%. As always, there are different ways to cut the report. Hourly earnings growth remains weak at 2.1%, whilst the participation rate fell once again to 62.8%. The initial gains on EURUSD are now running out of steam, with USDJPY just holding below the 105.00 level.