The US employment growth was lower than anticipated at 146,000, even though the unemployment rate dropped to 5.0percent and there were adjustments to the May and April data. Earnings growth was subdued and the work week has been unchanged. US expectations won't radically change, however, the key is just how much dollar purchasing there has been in expectation of a report and profit taking there will soon be. The conflict will be demanding at current levels, although the risks favour a Euro bounce.

Analysis provided by http://www.fxtoday.co.uk