By all counts the U.S. dollar looked extremely overbought based on technical analysis and was due for a correction. Friday’s surprisingly weak non-farm payrolls report triggered a pullback in the currency, but in light of its strong rally this week, the decline was extremely modest.
Payroll growth missed expectations by an eye-popping 88k and the magnitude of the miss should have triggered a more significant sell-off in the greenback. According to the Bureau of Labor Statistics, only 142k jobs w…
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