U.S. strong domestic data send EUR/USD down below 1.11
A strong economy can’t afford a weak currency. In October, the U.S. dollar was actively being sold on the concerns that trade wars would weigh on the US GDP and force the Fed to lower the federal funds rate more than three times. But U.S. GDP in Q3, employment, and PMI in October exceeded the expectations, and the trade balance is down to its lowest level in the past five months. Furthermore, Washington and Beijing are heading for signing a deal. If you remove the source of the fire, it will…
Read full author’s opinion and review in blog of #LiteForex