EUR/USD rises to a one year high as the US employment picture dims
globalreutersAugust 21, 20241 Mins read The bleed lower in the US dollar has extended and the euro is taking full advantage. It’s just edged above the December 2023 high of 1.1139 and is now trading at the highest since July 2023.
The latest move is almost entirely driven by the dollar side of the equation as it sinks across the board as the market senses a long series of rate cuts lining up, particularly after the BLS revised away 818K jobs.
This article was written by Adam Button at www.forexlive.com.
Related Articles
GBPUSD Technical Analysis – New highs post Fed and BoE decisions
Fundamental OverviewOn Wednesday, the Fed finally started its easing cycle and decided...
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
EURUSD Technical Analysis – Choppy price action as the market awaits more data
Fundamental OverviewOn Wednesday, the Fed finally started its easing cycle and decided...
EUR/USD: The next target for bulls at 1.1200 – UOB Group
There is room for the Euro (EUR) to edge higher, but it...
Leave a comment