Yet an abysmal non-farm payrolls report is the primary reason why the EUR/USD rebounded today. Throughout the past month, better than expected U.S. economic data limited the need for QE3 but after today’s jobs number, the Fed may have no choice but to spring into action in June.
http://www.fx360.com/commentary/kathy/7678/understanding-the-volatility-and-outlook-for-euro.aspx
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