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The dollar limits losses given the size of the yield correction. EUR/USD left intraday lows around 1.0935 ahead of the ADP release to currently change hands at 1.096. The YtD high at 1.1033 for now isn’t being tested but markets are probably on the lookout for the services ISM.
Bulgaria’s new prime minister redoubled the government’s commitment to adopt the euro in two years in the face of fragile support among voters battered by the force of the pandemic.
Bulgaria Set for Early Election as Last Attempt at Cabinet Fails May 02 2021, 10:55 AM May 01 2021, 11:27 PM May 02 2021, 10:55 AM (Bloomberg) -- Bulgaria is headed for a renewed election as early as July after a third and final attempt to form a government failed. (Bloomberg) -- Bulgaria is headed for a renewed election as early as July after a third and final attempt to form a government failed. The Socialists, who finished third in an inconclusive parliamentary election on April 4, on Saturday declined to present a cabinet following two previous attempts to form a government, including one...