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Forex Daily Report (5-8-2015 8:00pm GMT)
US dollar supported against all the other major currencies, after data showed that the U.S. economy created slightly less jobs than expected last month, while unemployment declined in line with market expectations. U.S. unemployment rate ticked down to 5.4% in April from 5.5% the previous month.
EUR/USD hit the daily high at 1.1287 but after the payrolls number rapidly lost the positive momemtum and return close to daily low of 1.1178.
EUR/USD is consolidated in to the closing hours changing hands in a tight range in the 1.12 region.
Forex markets keep their eyes on negotiations between the Greek government and Brussels Group (IMF, ECB, EU) about the Greek debt.
- Kamikaze Defense
- Should Greece Leave the Eurozone? Poll. Vote Now
- Futures contracts vs. Forward contracts
