What Happened? Euro Lost 200+ Pips in 2 Days

After the Jackson Hole last Friday, euro reached 1.2 against the U.S. dollar.  The euphoria was short lived none the less.  Since then, euro has lost more than 2 big points from the top.

The U.S. economic data this week has been strong:  GDP was revised up to 3%, ADP NFP presenting 237k new jobs in the private sector against the forecasted 185k.

The Non-farm Payroll numbers tomorrow may play a key part in determining whether the U.S. dollar strength shall continue.

No comments:

Post a Comment

Are You Realistic about What You Can Afford?

Would you like to save money in 2021?   These ideas will get you started on the right financial path.  2020 was a tough year for us.   To be...

Popular Posts