Euro Hits Nine-Day High as Weak US NFP Weighs on Dollar
The Euro rose to a nine-day high against the US Dollar after softer-than-expected US Nonfarm Payrolls reduced expectations of a near-term Federal Reserve rate hike.
EURUSD
EUR/USD continued its uptrend on Thursday, reaching a nine-day peak as the dollar weakened following disappointing US jobs data. The softer NFP report lowered market expectations for imminent Federal Reserve tightening, providing support for the single currency.
The move reflects a shift in rate expectations, with traders now pricing in a less aggressive Fed path. Technical resistance lies near recent highs, while the pair remains sensitive to upcoming US economic releases.
Source: FXStreet Forex News