Dollar Soars on Better Than Expected Non-Farm Payroll Report

US - Nonfarm Payroll Report Surprises on Upside The nonfarm payroll report came in better than expected with the economy shedding 247K jobs in July, and the unemployment rate inched down to 9.4%. The news could be the turning point in the US labor market, which would be a very important factor in getting the US economy into recovery. EUR/USD - Greenback Strengthens Following NFP Where recently good US data has usually increased risk appetite, thereby weakening the greenback,