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Back Fundamental analysis
US NFPs didn't do much to help dollar
Last Friday, despite positive job growth, the
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Last Friday, despite positive job growth, the US nonfarm payrolls for April failed to trigger a meaningful rally in the US dollar. The key factor weighing on market sentiment remains uncertainty surrounding the upcoming change in leadership at the Federal Reserve and its potential impact on monetary policy, as well as the geopolitical situation worldwide. All this suggests the market is staying in a wait-and-see mode, looking for clearer signals. The unemployment rate held at 4.3%, matching analysts' expectations, but that stability was driven by a
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Jakub Novak,
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