US Jobs Data and ECB Inflation Test in Focus
The US June jobs report due Thursday is expected to be positive, with falling gasoline prices also easing inflation. In Europe, eurozone inflation data will test the ECB's rate hike path.
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In a holiday-shortened week in the United States, all eyes will be on Thursday's June jobs report, which is anticipated to provide some cheer. Meanwhile, declining gasoline prices are helping to alleviate inflationary pressures.
Across the Atlantic, the European Central Bank faces a key test as eurozone inflation data is released. The figures will be closely watched for implications on the ECB's ongoing rate-hiking cycle.
Source: FXStreet Forex News