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5 Jul 2013
EUR/USD holds above 1.2800 in the NFP aftermath
FXstreet.com (Córdoba) - The EUR/USD is attempting to stabilize above 1.2800 after the latest wave of USD buying triggered by solid NFP sent the pair to the 1.2805 area.
EUR/USD lost over 90 pips immediately after the release of stronger-than-expected nonfarm payrolls and scored a low of 1.2805 before bouncing slightly. The strong employment figure boosted the greenback across the board as it fuels expectations that the Federal Reserve could begin to taper its asset purchases later this year.
EUR/USD weighed by Draghi and US data
At time of writing, EUR/USD is trading at the 1.2935 area, still down 0.6% on the day, and having lost over 200 pips since Draghi hit the wires yesterday and provided a dovish "forward guidance" for the ECB.
EUR/USD lost over 90 pips immediately after the release of stronger-than-expected nonfarm payrolls and scored a low of 1.2805 before bouncing slightly. The strong employment figure boosted the greenback across the board as it fuels expectations that the Federal Reserve could begin to taper its asset purchases later this year.
EUR/USD weighed by Draghi and US data
At time of writing, EUR/USD is trading at the 1.2935 area, still down 0.6% on the day, and having lost over 200 pips since Draghi hit the wires yesterday and provided a dovish "forward guidance" for the ECB.