U.S. Jobs Data Weakness Eases Rate-Hike Bets, EUR Higher
Soft U.S. employment data has prompted traders to reduce rate-hike expectations, supporting risk appetite. EUR/USD and other major pairs benefit as lower U.S. rate expectations weaken the dollar. This matters to FX traders because softer labor data typically shifts Fed policy outlook, driving near-term currency revaluation.
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CMC Markets
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