The U.S. unemployment rate at 7.4% in July 2013

For the month of July 2013 the U.S. payrolls went up by 162,000 workers and the unemployment rate fell to 7.4% from 7.6% in June 2013. Last month payrolls went up by 195,000 workers. 

The good news regarding jobs data in U.S. continued in July thereby increasing the chance of fed tapering from September onward.

The rising bond yields will push up dollar and hammer both developed and emerging market equities.

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