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fxJun 5, 2026, 1:26 AM

EUR/USD Holds Steady Around 1.1620 Ahead of US Jobs Report

The EUR/USD pair is trading near 1.1620 in early Asian trading on Friday, as traders hold off on major moves before the release of the US jobs report for May.

EURUSD

The euro is trading in a tight range against the US dollar, with EUR/USD holding near 1.1620 during the early Asian session. Market participants are staying on the sidelines as they await the key US employment data for May, which is expected to be the main event later in the day.

The pair has remained range-bound amid a lack of catalysts, with traders preferring to wait for the jobs report for directional cues. The market's focus is on whether the data will reinforce expectations for Federal Reserve policy or shift sentiment on the dollar.

Source: FXStreet Forex News