The US dollar fell significantly today in the wake of US employment data which showed that the US economy created more jobs than expected in June, adding 213,000 jobs while the April and May readings were revised to show an additional 37,000 jobs.
The negative side in the data was wage growth that came below expectations, and also the rise in unemployment from 18-year levels to 4%. The dollar index fell against a basket of currencies to its lowest level since June 14 after breaking the neckline of a double top pattern over the daily chart and may target 93.27 next support level.
On the other hand, the euro rose significantly to reach its highest level against the US dollar since June 14 at 1.1762. The pound also rose today ahead of a long-awaited meeting as British Prime Minister Theresa May will try to convince her ministers to support her policy document on Britain's future relationship with the EU. The pound rose to 1.3276, its highest level since June 26.
