• EUR/USD accelerates gains and revisits 1.0630.
• US Non-farm Payrolls surprised to the upside (again) in February.
• The unemployment rate climbed to 3.6%.

EUR/USD picks up pace and advances to the 1.0625/30 band, or 3-day highs, in the wake of another solid prints from the US jobs report on Friday.

EUR/USD stronger on mixed US jobs report

EUR/USD gathers extra upside pressure after the release of the Nonfarm Payrolls showed the US economy added 311K jobs during February, surpassing initial estimates for a gain of 205K jobs. In addition, the January print was revised a tad lower to 504K (from 517K).

Further data saw the Unemployment Rate ticking higher to 3.6% and the key Average Hourly Earnings – a proxy for inflation via wages – rise 0.2% MoM and 4.6% from a year earlier. Additionally, the Participation Rate increased a tad to 62.5% (from 62.4).