EUR/USD Flat, Dollar Still Searching for Direction
The euro stagnate in today's European session, hovering around $1.1905 and down slightly -0.10%. After a two-day rally, the market appears to be locking in profits while awaiting US data that could trigger its next direction.
What's holding back the US dollar's strong rally is the cooling labor market story. White House economist Kevin Hassett said job growth figures in the coming months could appear lower as labor force growth slows (including the effects of migration policies) and productivity rises—comments that have made the market even more sensitive ahead of the release of delayed employment and inflation data.
From the European side, the ECB's tone remains relatively calm. Christine Lagarde emphasized that eurozone inflation is projected to stabilize toward its 2% target over the medium term, and the ECB remains committed to a "data-driven" approach meeting by meeting—so for now, the market is taking the signal: interest rates don't need to be moved too much.
With the European calendar quiet, the spotlight shifts to the US: Retail Sales (released Tuesday, February 10, 2026) serves as a warm-up before other major data releases (employment and CPI). If consumer spending figures are strong, the dollar could benefit; if they weaken, the euro could gain further ground. (alg)
Source: Newsmaker.id
