EUR/USD: USD has dropped due to weak US macro-economic data. Fundamental analysis of 02.05.2016

Forex analytics: Last Friday the pair EUR/USD sharply went up reaching the highs of April at the level of 1.1460. Euro was supported during the European session by the data on economic growth and decline in unemployment rate in Eurozone. According to preliminary data GDP in Q1 rose by 0.6% against the forecast of +0.4% and the rise of 0.3% in the previous period. Unemployment rate in March fell by 0.1% (10.2% ...