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Jan 04 - 03:55 PM

EUR/USD - Gains Made But Bulls Tempered As Job Data Risks Loom

By Christopher Romano  —  Jan 04 - 02:10 PM
  • EUR/USD rallied 1.0541-1.06355 overnight, NY opened near 1.0605

  • US rate EDZ3 drops, US$ weakness helped underpin the pair

  • Pair neared 1.0630 then fell after PMI, JOLTS data nL1N33P11M

  • EUR/USD traded to 1.0581 on EBS but recovered as risk-on returned

  • Stocks gained while US rates, US$ softened again after the data

  • US$ firmed after the Fed minutes nL1N33P0UB, EUR/USD neared 1.0590

  • US weekly, continuing claim & Dec. employment reports remain key risks

  • For more click on FXBUZ




Source:
Refinitiv IFR Research/Market Commentary

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