$EURUSD Weekly Forecast: Still in a comfort zone, looking at US jobs data Read More!▶️ Forex NFP
The Euro performs mixed as hawkish ECB support fades.posted its second consecutive weekly decline, extending its retreat after testing 1.1000 but managed to hold above 1.0900. The pair continues to trade within a familiar range, with a stronger US dollar keeping the upside limited, while positive risk sentiment and hawkish expectations about the outlook of the European Central Bank are helping to limit the losses.On Tuesday, the EUR/USD peaked at 1.
The economic reports released this week showed that the US economy is still expanding, with GDP growing more than previously reported during the first quarter. Initial Jobless Claims improved last week. Even housing data has remained somewhat resilient despite the increases in interest rates. Overall, in terms of economic activity, no recession is seen on the horizon, and this set of data keeps the door open to more rate hikes.on Friday came in slightly below market forecasts.
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