Euro to usd forecast 2018: EUR/USD Forecast: Powell fully controls the dollar

The greenback traded lower at the beginning of the week, as softer-than-expected core PCE inflation exacerbated speculation the Fed was moving closer to a rate cut. But the good stuff came Friday, as the country released the April Nonfarm Payroll report, which showed that the country added 263K new jobs in April, largely surpassing the 185K forecast . The unemployment rate fell to 3.6%, a fresh multi-decade low, although amid a declining Labour Force Participation rate, down to 62.8% vs. the previous 63.0%. Wages were up by 0.2% MoM and by 3.2% YoY, matching March readings and slightly below the market's expectations. The US Markit Non-Manufacturing PMI fell to 55.5 in April, while the official manufacturing index was also softer-than-anticipated by printing 52.8, both playing against the American currency.

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