XE Market Analysis: US Dollar Falls Against the Euro

OVERVIEW

  • US Dollar falls to a 3-week low after jobs data was released.
  • Sterling rises to 7-day high but short-lived ahead of May’s crunch cabinet meeting.
  • Euro gains on strong German data.

HIGHLIGHT

The US Dollar fell against the Euro to a 3-week low. The focus is on July 6th deadline for threatened US tariffs with China.