#NFPWatch

The non-farm payrolls report for June brought mixed signals about the health of the U.S. labor market.

Job creation, approximately 111,000 new positions were generated, a drop from 139,000 in May.

Unemployment rate, rose to 4.4%, the highest level since July 2024.

Wages, average hourly earnings grew by 0.3% month-on-month, representing a slowdown compared to the previous month.

Labor participation, a slight increase to 62.6% is expected after an unexpected drop in May.

The dollar showed weakness on all fronts, especially against the EURO, which could surpass 1.1830, its annual high.

Market liquidity was low due to the July 4th holiday, which amplified reactions to any surprises in the data.

This report suggests a gradual moderation in the labor market, aligned with the Federal Reserve's projections. Although no immediate political reaction is expected, the data reinforces the idea that inflation remains the priority.

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