In May dollar was save haven currency and the worse the better rule was applicable. It means that usually bad news could cause the growth of dollar.
It shows that dollar is strong as a reserve currency. But news about the level of unemployment in the USA, which was expected to stay at the same level (8%) changed to 8,2%.
This fact started correction of the current dollar growth. It showed that there was no panic at the stock market because risk currencies sale did not start. It became a good reason for the currency pair EUR/USD to push from the support at 1.2320 and started correction to fall. the closest aim of the correction is level of resistance at 1.2630 (the minimum of this year).Social button for Joomla