I am new to currency trading and feel this is a massive move. Is their a reason economicly for this????
WASHINGTON (Reuters) – Home prices fell a record 1.7 percent in the first quarter and the number of workers on jobless benefit rolls held at a four-year high, underscoring the economy's woes, data on Thursday showed.
Market is anticipating the feds not raising interest rates in the near term. Lower or no rates increase usually leads to weaker USD.
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