There were big movements higher for both the Euro and Pound pairs against the Dollar coming to the end of the trading week.
Euro Continues Strong Run to Record Highs
The EUR/USD has continued rolling higher supported by a seemingly everlasting positive risk sentiment in the US as vaccine hopes continue to drive markets even though COVID-19 cases are also spiking day after day. The potential vaccine rollout alongside new hopes of a US Stimulus package has kept those forex trading the pair in positive mindsets. Jobs figures from the US will be the latest news of focus for forex brokers and traders alike in Europe to see if the highs can continue.
US Unemployment Rate Drop Predicted
US nonfarm payroll numbers are due later today. Analysts forecast the figures will show that the US economy added 440,000 jobs in the previous month compared with more than 600,000 in October. Despite the slowdown in new jobs the unemployment rate is expected to drop to 6.7%.
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