The dollar gave a pleasant surprise

The US employment rebounds quickly, which signals the recession has been the shortest in the US history
A downturn ends when the economy starts expanding. The US employment was up in May at the highest monthly pace since World War Two (+2.5 million), the US current US recession is going to be the deepest but the shortest since the 1930s. Despite the gloomy forecasts suggesting the rise in the unemployment rate to 20%, the indicator has been down from 14.7% to 13.3%, which sent the US stock indexes 3% up and encouraged the EUR/USD bulls to take the profits. When everyone is buying, it is a good chance to sell. The US dollar has strengthened due to this principle, the optimism about a quicker rebound of the US GDP than the global indicator, and the growth in the Treasury yields.

Dynamics of employment and unemployment in the USA

For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/the-dollar-gave-a-pleasant-surprise/?uid=285861726&cid=58534