USD review

Western Union:

The market camp betting on a 2015 U.S. rate hike got a big backer: the world's biggest economy. The dollar soared after U.S. job growth easily topped forecasts (+225,000) with a gain of 280,000 in May. 

The workforce grew which caused unemployment to increase a tick to 5.5%, a still decent level. Perhaps the best news though came from wage growth which also beat expectations with a 0.3% gain. 

Today's robust jobs report appeared at odds with the IMF who this week called on the Fed to hold fire on a rate hike until next year. Fed officials in favor of raising interest rates sooner rather than later will find compelling ammunition in today's jobs report. The Fed announces its next policy decision in less than two weeks on June 17.