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Indonesia News Portal for Traders | Financial & Business Updates

6 December 2024 08:59  |

EUR/USD Strengthens Ahead of NFP Release

EUR/USD strengthened on Thursday, rising seven-tenths of a percent and re-approaching the 1.0600 level.

European Retail Sales beat market median estimates in October, but were still down from the previous month.

The European Central Bank (ECB) is widely expected to cut interest rates by a quarter point next week, and market sentiment is tilted toward risk ahead of Friday’s US Nonfarm Payrolls (NFP) data.

Source: FXStreet

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