EUR/USD rebounds sharply as soft US jobs, GDP data sink US Dollar
EUR/USD rally sponsored by US jobless claims rise, Q1 US GDP confirms contraction. Markets now price in nearly 50 bps of Fed cuts by year-end amid weakening data. Traders eye Core PCE data Friday; German and Italian inflation to guide Euro’s next move. The EUR/USD rallies after hitting a weekly low of 1.1210, edging up … Read more