The US gained only 126K jobs in March and downwards revisions just made it worse. The economic weakness in the US reached the jobs market. In Europe, improving economic indicators did little to aid the common currency.
Is this time different? EUR/USD breaks above 1.10 after the event, but it’s not the first time. A previous move higher saw the pair topping out at 1.1050 and falling towards 1.07. Does it have a better footing to now to turn the dollar correction into an outright change of course?
Read the rest of the article EUR/USD breaks above 1.10 on NFP – Levels to watch