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via fxstreet.comEconomy

Euro erases weekly gains as stronger US jobs data fuel dollar rally

FROM THE WIRE · FXSTREET.COM

EUR/USD slips on Friday, erasing all gains recorded this week as stronger-than-expected US Nonfarm Payrolls (NFP) data boosts demand for the US Dollar (USD). At the time of writing, the pair trades around 1.1132, down 0.77% on the day.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishUS payrolls above expectations strengthen the dollar and shift expectations for Fed rates.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01US Nonfarm Payrolls data came in stronger than expected.
  2. 02EUR/USD trades around 1.1132, down 0.77% on the day.
  3. 03The dollar benefits from demand triggered by the data.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
EUR/USDEURUSDFX pair1.1150+0.02%today -0.61%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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