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The reports showed surprise improvements in French manufacturing and German services. This news set the table for a spike to the upside until Fed Chairman Bernanke declared that the U. His statement sent equity markets and the Dollar soaring putting downside pressure on the Euro. The British Pound was trading slightly higher early in the trading session as it piggy-backed the move in the Euro.

Fundamentally this currency pair remains weak because of the growing U. ForexHound 22 August Read full article at ForexHound. Dollar is Non-Farm Payrolls Report. Theemployment report is expected to Dollar is rising sharply at the mid-session as risk aversion is back on following a surprisingly weak U. The Euro is now trading lower after a weak attempt to rally Even as the ruling Democratic Party These are all important signs for a change But sell-off The reason is a move in five Switch Editions?

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