BTC/USD Exchange rate

Nonfarm Payrolls in the US rose by 256,000 in December, while the Unemployment Rate fell to 4.1%. Even further, wage pressures eased, with Average Hourly Earnings at 3.9% YoY. Wall Street's futures plunge and the US Dollar firms up with the news. 

EUR/USD stays under bearish pressure and trades below 1.0300 in the American session on Friday. The US Dollar benefits from the upbeat jobs report, which showed an increase of 256,000 in Nonfarm Payrolls, and forces the pair to stay on the back foot heading into the weekend.

GBP/USD extends its weekly slide and trades at its weakest level since November 2023 below 1.2250. The data from the US showed that Nonfarm Payrolls rose by 256,000 in December, fuelling a US Dollar rally and weighing on the pair.

Gold price (XAU/USD) peaked above $2,680 on Friday, retreating after the NFP release amid broad US Dollar demand. Ruling risk aversion, however, limits the downside for the safe-haven metal. 

Core CPI data from the US next week could ease concerns about prolonged elevated inflation while in Central and Eastern Europe, inflation readings look set to remain high.