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The U.S. economic recovery is progressing rapidly

The U.S. economic recovery is progressing rapidly | 06 August 2021

06 August 2021, EUR/USD

The U.S. economic recovery is progressing rapidly

EURUSD trading plan:

The U.S. economic recovery is progressing rapidly, the labor market is improving and it may be possible for the Federal Reserve to start withdrawing its accommodative monetary policy sooner than some expect, Fed Governor Christopher Waller said. Waller said he has “high hopes” for the July jobs report to be released on Friday and for the August report that will be released next month. He repeated his view that it is possible that the U.S. labor market will have recovered about 85% of the jobs lost during the COVID-19 pandemic by September after accounting for close to 2 million people who retired during the public health crisis.

Investment idea: range 1.1790 -1.1870.

David Johnson
Analyst of «FreshForex» company
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