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EURUSD Proves Unstoppable

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G10 Advancers and Decliners vs USD
CHF 1.27
EUR 0.71
GBP 0.66
JPY -0.71
EURUSD has powered relentlessly higher throughout the day as a combination of strong European inflation data, disappointing US labour figures and quarter-end rebalancing flows have all conspired to push the pair upwards. The European morning began well for EURUSD bulls as Germany’s unemployment level unexpectedly dropped -30k in March (+7k expected) and last month’s reading was revised to -1k…

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