The dollar began to restore growth. Euro in anticipation of the ECB meeting
Data on the US labor market were unsatisfactory. This led to the USD falling last week. The dollar was able to restore the advantage a bit.
Despite the drop in the unemployment rate in the US, the data also show a decrease in the intensity of employment growth.
Hedge funds, meanwhile, are betting on the euro against the backdrop of accelerating economic recovery in the region. Rates on the growth of the euro rate exceed the rates for its decline.
This week there will be a meeting of the ECB. At this meeting, the current economic situation will be examined.
The pound sterling becomes cheaper on Monday after the terrorist attack in London. GBP/USD is at the level of 1.2876, at 1.2888 on Friday.
EUR/USD is trading at a price of 1.1265
Analysis by AccentForex analyst Aarush Marwari.