DXY UPDATED w/ Eurozone Interest Rate & U.S. Jobless Claims
originally posted here. 102.500 DXY in the coming weeks?
This divergence in data is likely to put pressure on EUR/USD, with the U.S. dollar gaining strength from robust employment figures while the Euro remains steady amid unchanged monetary policy. I’ll be watching for potential bullish DXY into the next trading sessions.
- The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions.
- Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market.
This divergence in data is likely to put pressure on EUR/USD, with the U.S. dollar gaining strength from robust employment figures while the Euro remains steady amid unchanged monetary policy. I’ll be watching for potential bullish DXY into the next trading sessions.
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