See also
The most optimistic forecasts predicted that the unemployment rate in the United States would remain unchanged, but it fell from 4.2% to 4.1%. This alone was enough for a solid rise in the dollar. Additionally, 254,000 new jobs were created outside of agriculture, compared to the expected 130,000. As a result, the US currency continued its victorious march, and the euro dropped below 1.1000.
The dollar's rise over the past few days has been so impressive that a correction seems almost inevitable, even though the strengthening was justified. The upcoming retail sales data from the Eurozone could provide a reason for a local correction, as the decline of -0.1% is expected to shift to a growth of 0.9%. This would be an outstanding result for Europe, so the euro has substantial grounds for growth, likely pushing it above 1.1050.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
