Sunday, August 9, 2009

EUR/USD Drops on Payrolls Data

The euro dropped against the dollar on the positive (compared to the expectations) nonfarm payrolls data today. It’s quite strange for EUR/USD to react to positive fundamental releases with a decline, but dollar is looking more attractive to the traders right now. EUR/USD is currently trading near 1.4317.

Nonfarm payrolls declined by 247k in July, following 443k drop reported for July (revised po

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