Don’t waste your time – keep track of how NFP affects the US dollar!

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Friday trade ideas: EUR/USD, Gold, EUR/GBP on August 20

Updated

The US dollar takes a breath after a long rally. Its recent jump was caused by the Fed’s Meeting Minutes. The UK retail sales came out much worse than analysts expected. Sales dropped by -2.5%, while the forecast was 0.2%. It is a negative factor for the British pound. As a result, EUR/GBP surged above 0.8570, clearing the way up to 0.8600.

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