FX.co ★ Euro under pressure from strong US data. Liz Truss resigns

EURUSD

Liz Truss resigns as British prime minister.

She was the victim of an attempt at a very sharp turn in economic policy - the plan was thwarted by bond investors, arranging panic selling. Truss was forced to appoint a new finance minister and now leave.

The US unemployment report came out - better than expected - 213,000 claims for benefits, long-term unemployment is not growing. An argument for the Federal Reserve to raise rates.

The euro tried to grow, as we expect an increase in the euro rate on October 27, +0.75%.

But strong data on the US hinders the euro's growth...