Today’s stronger US jobs report came as a real surprise, disappointing those who were convinced that the Fed would cut interest rates in June. Correspondingly, the odds of a cut in June fell to less than 60% and up went bond yields and the US dollar. However, the gains evaporated as the European session wore on. Investors were probably looking ahead to next week already, when inflation data is due. The EUR/USD managed to bounced back more than 40 pips after briefly dipping below 1.08 handle. While stock markets were also making back a good chunk of the losses suffered on Thursday, haven demand amid geopolitical ... (full story)