The EUR/USD Exchanging in a Comparatively Narrow Extent

The EUR/USD was exchanging in a comparatively narrow extent concurrently with an activity of the previous two trading periods as traders progressed to contemplate in reverse of an interest rate increase from the Federal Reserve. Yesterday’s announcement of Fed chief Janet Yellen provided no transparency to the controversy. The ongoing trading week is to some extent bright on economic info, signifying that the currency pair may have problems in constituting…

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The EUR/USD Decline After The Announcement of Nonfarm Payrolls

US Nonfarm payrolls were announced yesterday, and they were fundamentally in line with prediction. Yet this didn’t limit EUR/USD from dropping after the announcement. It was the first fall for the currency pair after four terms of gains. As for other news, production data was decent while development spending fell surprisingly. Nonfarm payrolls displayed a rise by 215k in March which was hardly above the median prediction of 206k.…

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