As shown by today’s EUR/USD chart, the rate rose this morning to 1.096 – its highest level since mid-March. On one hand, this was driven by the weakness of the dollar. The USD fell sharply against other currencies following the release of labour market news on Friday (data from ForexFactory hereafter): → The unemployment rate […]
The post EUR/USD Analysis: The Rate Has Risen to a Nearly 5-Month High appeared first on Action Forex.
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EUR/USD faces pressure due to a strong US Dollar and concerns about the ECB’s policy direction. The US election and potential trade war concerns are weighing on the Euro. The interest rate differential between the Read more…