Dollar stalemate?

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The US employment growth was above market expectations in 207,000 and there has been an upwards revision for June and May combined of 42,000. The unemployment rate held steady at 5.0percent. The report will continue to keep the Fed on track for pushing up interest rates and is dollar rewarding. Underlying Euro purchasing is very likely to last, however, the short-term effect may be for stalemate with great two-way fascination with the 1.23-1.24 range.

Analysis provided by http://www.fxtoday.co.uk