High level of global economic policy uncertainty holds EURUSD back
When Donald Trump was praising the US labor market, noting a drop in the unemployment rate down to 3.5%, the lowest level in five decades, he forgot to mention the problems of the manufacturing sector. This sector lost 2,000 in September while the growth in nine months was just 41,000. During the same period last year, the increase was 188,000. The growth of non-farm payrolls (+136, 000) was less than the average for the previous 12 months (+177,000). The US economy is obviously turning down, but as long as the…
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