Latest Breaking News On - May nonfarm payroll - Page 1 : comparemela.com

5/28/2021 3:26:19 PM GMT US inflation continues heating up, but the Fed will stay on hold. Economic progress at both shores of the Atlantic spurs optimism. EUR/USD is under strong selling pressure and poised to extend its slump. The EUR/USD pair surged to 1.2266 this week, its highest since January, but trimmed gains ahead of the close, to end it in the red around 1.2180. A scarce macroeconomic calendar and the absence of explosive news maintained major pairs within limited ranges. Financial markets rotated around US inflation expectations and their possible effects on the current monetary policy. However, Federal Reserve officials succeeded in cooling hopes for a soon-to-come tightening, leaving speculative interest without its main motto. On the other hand, the little American data published these days showed that the economic recovery is underway. Weekly unemployment claims fell to 406,000, its lowest reading since March 2020, while the Q1 Gross Domestic Product was confirmed

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