Euro extends gains on weak U.S. data – How long can it last?
The euro hit $1.1779, its highest since late July, as weak U.S. labor data fueled expectations of a Fed rate cut next week. Slowing job growth and rising unemployment pressured the dollar, supporting EUR/USD.
While the Fed is expected to ease policy, the ECB is likely to keep rates steady, reinforcing euro strength. However, political uncertainty in France—after Prime Minister Francois Bayrou lost a confidence vote—may cap gains. Analysts expect a drag on the euro as the outcome was largely priced in.
Markets will focus on the Fed meeting. A confirmed cut could push the dollar lower and lift EUR/USD, but any ECB hints of easing could trigger a correction.
The euro hit $1.1779, its highest since late July, as weak U.S. labor data fueled expectations of a Fed rate cut next week. Slowing job growth and rising unemployment pressured the dollar, supporting EUR/USD.
While the Fed is expected to ease policy, the ECB is likely to keep rates steady, reinforcing euro strength. However, political uncertainty in France—after Prime Minister Francois Bayrou lost a confidence vote—may cap gains. Analysts expect a drag on the euro as the outcome was largely priced in.
Markets will focus on the Fed meeting. A confirmed cut could push the dollar lower and lift EUR/USD, but any ECB hints of easing could trigger a correction.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.