Clouds are gathering again
The equity market rally has continued in the US, but has already started to stall in Europe. The first reason is that the rebound was…
Strong economic indicators pushed US bond yields and the USD higher yesterday. The US job report released today could reinforce these trends if it shows a sharp rebound in job creation in May or revises April data upwards, as it is likely. The EUR/USD exchange rate plunged by nearly 1 USD, just above 1.21.
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