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.

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