The EUR/USD pulled back to the highest level since November 2 after the relatively robust American jobs data.
It rose to a high of 0.9957, which was higher than last week’s low of 0.9735. Focus now shifts to the upcoming American consumer and producer inflation data.The EUR/USD price made a strong recovery last Friday as the market reflected on the latest Fed decision and US
The rate decision was followed by the relatively strong American non-farm payrolls data. According to the Bureau of Labor Statistics , the American economy added more than 261k jobs in October while the unemployment rate rose to 3.7%. Wage gains also continued rising. The next key catalyst for the EUR/USD pair will be the upcoming American inflation data scheduled for Thursday. Economists polled by Reuters expect that the headline consumer price index declined from 8.2% to 8.0%. On a MoM basis, they expect that inflation rose from 0.4% to 0.7%.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chinese officials signal no change to 'zero-COVID' policyChinese health officials are giving no indication of any relaxation of COVID-19 restrictions following several days of speculation that the government was considering changes to a “zero-COVID” approach that has stymied economic growth and disrupted daily life.
Read more »
NASA caught the sun smiling down on us, but the grin could signal a solar stormThe dark patches, known as coronal holes, are regions where solar wind escapes more quickly and readily into space. Geomagnetic storms can disrupt GPS and hurt the power grid.
Read more »
Live blog: US asks Ukraine to signal Russia it's open to negotiate — reportUS privately asks Ukraine to show willingness to negotiate with Russia and drop public refusal to engage in peace talks, according to Washington Post, as fighting rolls into its 256th day Follow our live coverage:👇
Read more »
New traffic signal feature in Irvington aims to make intersections safer for pedestrians, cyclistsThe Leading Pedestrian Interval gives the walk signal 3-7 seconds before the light in any direction turns green. This allows pedestrians or cyclists to enter the intersection before cars.
Read more »
Bitcoin Prints Worrying Signal on Chart, Retest of Levels Might Seem NextBitcoin chart prints concerning signal, here's how price might fare BTC $BTC Crypto
Read more »
Thousands of bees in Hurricane Ian's path wiped out, relief effort seeks to feed survivorsThe path of Hurricane Ian blew across nearly 15% of the U.S. bee population as the devastation has reached beyond Florida.
Read more »