EUR/USD struggles to retain the advance from earlier this week after testing the 50-Day SMA (1.1173), and fresh data prints coming out of the US may drag on the exchange rate as the US Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market
EUR/USD REVERES FROM 50-DAY SMA WITH US NFP REPORT ON TAP
EUR/USD pulls back from a fresh weekly high (1.1185) as European Central Bank (ECB) Chief Economist Philip Lane tames speculation for an imminent shift in monetary policy, with the official emphasizing that “the degree of monetary policy stimulus put in place to address the pre-pandemic challenge of persistent below-target inflation can be normalised in a gradual fashion towards a more neutral setting.”
