NEWS: USD declines after the weaker jobs report (but watch those wages) June 04, 2021 at 01:47PM

NEWS: USD declines after the weaker jobs report (but watch those wages) June 04, 2021 at 01:47PM

The USD is the weakest of the majors now
The initial reaction was for a weaker dollar after the jobs report came in at 559K versus 675K estimate. However the fly in the ointment is the wage gains which rose by 0.5% and are up 2.0% year on year. The unemployment rate did dip to 5.8% from 6.1%. The snapshot currently shows

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