EUR/USD Rebounds Amid Key Economic Data Watch
EUR/USD clawed back above $1.1300 during Asian trading hours, halting a three-day decline that had pushed the pair to a two-week low of $1.1265. The modest recovery reflects cautious market positioning ahead of pivotal Eurozone inflation figures and the US Non-Farm Payrolls report.
European Central Bank warnings about downside inflation risks continue to weigh on the euro. Market participants now price in a potential rate cut as early as July. Across the Atlantic, all eyes remain on the US jobs data—weaker-than-expected hiring numbers could undermine the dollar’s recent strength.
The currency pair sits at a critical technical juncture. Volatility appears imminent as traders await these macroeconomic catalysts that could determine near-term directional bias.
