#labor-market-data

#labor-market-data

Euro is rebounding against the US dollar despite weak German inflation and declining Eurozone bond yields, influenced by US Treasury yields and upcoming labor market data impacting Fed's monetary policy.

Markets are closely tracking US labor market data to predict Fed's monetary policy path, with hopes that negative surprises from the US economy could potentially impact the Euro's losses against the dollar. [ more ]

The dollar has slightly declined after a rebound from recent lows, but could see less pressure as rate cut expectations decrease.

The Euro experienced a slight uptick but economic conditions in the Eurozone may constrain its progress. [ more ]