The euro continued to drift below recent two-month highs against the dollar, and surrender more of its April appreciation. Greece remained a wild card driver for the single currency with Athens seemingly no closer to securing much needed rescue funds to keep fiscally afloat.
Meanwhile, better news on the U.S. economy has helped the dollar recover which has prompted many to cash in some of the euro's recent outperformance.
U.S. nonfarm payrolls on Friday are seen as the next major catalyst for EURUSD. The impact of payrolls on Fed policy decisions could mean a run towards $1.05 or $1.15 for the pair.
Commentary
EUR review
The euro continued to drift below recent two-month highs against the dollar, and surrender more of its April appreciation. Greece remained a wild card driver for the single currency with Athens seemingly no closer to sec…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
