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Dollar Profit-Taking After Soft Payrolls Report

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Oct 10, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The dollar was well bid going into the payrolls, testing/nearing first resistance against the euro and the yen. However, the payrolls were not enough to support further sustained USD gains. EUR/USD and USD/JPY returned in the established ranges. Sterling is still looking for a new equilibrium after Friday's flash crash[​IMG]

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