Dollar backstepped

The US-China trade war may not start again

The US stocks again support the euro. The EUR/USD bears failed to break through the support at 1.077-1.0775 or send the pair down, as the euro was supported by the S&P 500, rising amid good news. The FOMC officials believe that the recession can be averted, analysts discuss a potential boost of the fiscal stimulus, the trade representatives of the U.S. and China sound optimistic. Therefore, investors are lured back to the U.S. stocks. However, the U.S. jobs report for April may discourage them. 

On of the U.S. dollar’s growth drivers in early May…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>