What Happened? Euro Lost 200+ Pips in 2 Days

After the Jackson Hole last Friday, euro reached 1.2 against the U.S. dollar.  The euphoria was short lived none the less.  Since then, euro has lost more than 2 big points from the top.

74864 After the Jackson Hole last Friday, euro reached 1.2 against the U.S. dollar.  The euphoria was short lived none the less.  Since then, euro has lost more than 2 big points from the top.

The U.S. economic data this week has been strong:  GDP was revised up to 3%, ADP NFP presenting 237k new jobs in the private sector against the forecasted 185k.

The Non-farm Payroll numbers tomorrow may play a key part in determining whether the U.S. dollar strength shall continue.

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