EUR/USD keeps the bid bias unchanged near 1.0970 – by pabspiovano EURUSD Currencies Majors
Final Services PMIs in the euro area and the US are due later.The buying interest around the European currency remains well and sound and motivatesEUR/USD appears bid ahead of data
Indeed, some consolidation as well as rising cautiousness seem to kick in ahead of key data releases – especially Friday’s US Nonfarm Payrolls – and against the backdrop of a shortened trading week due to Easter holidays. In the meantime, price action around the single currency should continue to closely follow dollar dynamics, as well as the incipient Fed-ECB divergence when it comes to the banks’ intentions regarding the potential next moves in interest rates.
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