This week, economic and financial conditions were very reflective of the nervous optimism that has surrounded our outlook since the recovery started last year. Data points to strong second quarter growth, but an unimpressive jobs report did not send the signal that markets were hoping for – namely that the lagging labor market is fully on board with the recovery. Uncertainty abounds, and financial markets remain agitated after weeks of elevated volatility.
Alistair Bentley, Research Analyst, TD Bank Financial Group
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[Source: DailyFX Forex Market News]
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