U.S. Data Confuses the Markets; More jobs And Higher Unemployment

Nonfarm numbers increased by 315,000 during the month of August to exceed the expectations of 295,000 jobs. However, the unemployment rate rose to 3.7% from 3.5%. Meanwhile, the dollar index surging to a new two-decade high pushing gold below the 1,700 levels. On the Other hand, the European currency fell to the lowest level in 20 years despite the expectations to see a 75 basis points hike from the ECB.