Euro on track for second weekly decline in a row

Economies.com
2017-04-07 16:01PM UTC

Euro kept falling on Friday to a three-week low despite the mixed U.S. payrolls report, which caused the dollar to waver. 

 

The smaller-than-expected number of new jobs created in March and the bigger fall in the unemployment rate caused the dollar to waver, but the euro kept falling today. 

 

Demand fell on riskier assets in the markets after the U.S. launched a strike on an airfield in Stria, raising demand on safe havens in the markets.

 

On the other hand, markets await the U.S.-China summit, which forced the euro lower with no hope of a sharp last-minute change of direction. 

 

EUR/USD last traded at 1.0616, down from the opening of 1.0644, with an intraday high at 1.0666, and a low at 1.0611. 

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