299 days ago • Posted by Paul de La Baume
#EURUSD rises on weaker German jobs report #macro #germany #trading #forex #Nasdaq #Euro
The euro is rebounding versus the dollar in light of slightly weaker German unemployment data. This suggests that as the economy decelerates and if it does begin to very meaningfully deteriorate, not only inflation should come down more rapidly, but central banks may end up being forced to support the economy instead of restraining it with interest rate hikes and QE deleveraging. The bad news is 'good news' for now, helping risk assets recover slightly. The Nasdaq is up 0.4% in pre-market ahead of key US macro data and Fed Chair Powell's speech later in the day.