Will the euro make a fortune at the expense of others?
EUR/USD is above 1.08 being supported by the US stocks
The EUR/USD response to the US jobs report represents the market sentiment. The U.S. stock market rally despite the US horrible domestic data weighs on the US dollar. However, as soon as the euro-area problem becomes acute, the EUR/USD is sliding down. The US unemployment rate rose to 14.7% and employment fell by 20.5 million in April. However, the S&P 500 bull trend didn’t break. The forecasts of the Wall Street Journal suggested a weaker report (16.1% and the loss of 22 million jobs). Many analysts believe that April is the worst…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>
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