EUR/USD bears were set back by a fairly positive US jobs report
The report on the US employment in July was originally treated as a kind of a clue for the Fed about its further policy. However, when the central bank is first of all concerned about international risks, even the fairly positive employment data won’t be the reason to buy the US dollar. US nonfarm payrolls increased by 164,000 during July, and the unemployment rate is at 3.7%, close to its fifty-year low, Under any other conditions, this would signal that the federal funds rate should be retained at…
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