Yesterday (friday 2nd October) NFP came out a lotworse than expected - I don' understand why the kneejerk reaction was to sell USD? (I refer to EURUSD going from 1,4530 to almost 1,4650 in 2 hours apprx.)
Question: Isn't USD normally bought on negative news?
Isn't the USD still a safehaven that other countries governments and central banks want to be invested in when risk aversion is rising?
Or have we reached a stage where:
GOOD US data = USD strenght
BAD US data = USD weakness?
Anybody has a good answer?
Question: Isn't USD normally bought on negative news?
Isn't the USD still a safehaven that other countries governments and central banks want to be invested in when risk aversion is rising?
Or have we reached a stage where:
GOOD US data = USD strenght
BAD US data = USD weakness?
Anybody has a good answer?