Dollar lets out doves

EUR/USD is up to three-month highs as Jerome Powell is expected to sound dovish

The best is the enemy of good. The Fed is in a difficult situation after the publication of the US jobs report for May. The drop in the unemployment rate and the biggest surge in employment since the end of World War Two suggest the V-shaped recovery of the US economy, which is expected by the White House. The Fed was opposing this idea until recently. According to Jerome Powell, it will take a long time until the US GDP is back to the pre-crisis growth…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>