FXstreet.com (Córdoba) - EURUSD dropped below 1.23 when US non-farm payrolls were weaker than expected. "Job growth was slow enough to limit economic expectations, but not slow enough to raise expectations for more stimulus by the Fed", says the UBS analyst team.
"Consequently equity markets fell and the dollar gained in a risk aversion move. Conflicting statements out of Europe on the continuation of the Greek bail-out program also hurt the euro", they add.
"Consequently equity markets fell and the dollar gained in a risk aversion move. Conflicting statements out of Europe on the continuation of the Greek bail-out program also hurt the euro", they add.
