EUR/USD: Once again surpassing 1,111
The EUR/USD pair extended its rally for the second consecutive day on Thursday, reclaiming the 1.1100 level as the US dollar faced heavy selling pressure ahead of the highly anticipated Non-Farm Payrolls (NFP) report set to be released on Friday.
Investors are eagerly awaiting further confirmation that the Federal Reserve (Fed) is on track for its first interest rate cut and the start of a potential rate-cutting cycle in September. However, for this expectation to remain strong, US data will need to show continued signs of weakening.
What’s your take on the market moves?
Investors are eagerly awaiting further confirmation that the Federal Reserve (Fed) is on track for its first interest rate cut and the start of a potential rate-cutting cycle in September. However, for this expectation to remain strong, US data will need to show continued signs of weakening.
What’s your take on the market moves?
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