Trader reveals why EUR/USD crashed below 1.1700 while USD soared 227,000 jobs
Key Points
- The dollar surged after U.S. jobless claims fell to 227,000,...
The dollar just reminded everyone why it's called the king of currencies, flexing its muscles after U.S. jobless claims dropped to 227,000 - a number that made traders forget all about their morning coffee and start frantically adjusting positions.
When Numbers Actually Matter
While most people treat unemployment statistics like they treat their gym membership (acknowledge it exists, then ignore it), currency markets hung on every digit of Thursday's labor report. The EUR/USD pair, which had been lounging around like a tourist at 1.1700, suddenly decided to pack its bags and head south d...
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