Dollar rises & Euro falls in volatile trade after jobs data
Dollars getting the most out of the situation. Moreover, dollars benefited mostly during jobs data. Hopefully, everything keep in line..
NEW YORK, June 5 (Reuters) - The euro surrendered all its gains and last traded lower against the dollar in the wake of better-than-expected U.S. jobs data on Friday as investors bet the move went too far, too fast and stop loss orders were triggered at $1.4260.
The euro was last down 0.6 percent at $1.4106, according to electronic trading platform EBS. , at the session low after going as high as $1.4269.
"There's absolutely no reason right now why the euro should be trading in the mid 1.40s level," Matt Esteve, vice president for trading at Tempus Consulting in Washington. Investors are "taking the opportunity to take profits on the euro after this week's run." (Reporting by Nick Olivari and Vivianne Rodrigues, Editing by Chizu Nomiyama)
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