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EUR/USD stays under bearish pressure and trades below 1.1400 on Friday. Nonfarm Payrolls in the US rose by 139,000 in May. Markets lean toward a Fed policy hold in July after the employment data. Following a quiet beginning to the European session, EUR/USD turned south in the second half of the day and declined below 1.1400. At the time of press, EUR/USD was down 0.55% on the day at 1.1382. The US Dollar (USD) benefited from the labor market data and weighed on EUR/USD in the American session on Friday. The US Bureau of Labor Statistics (BLS) reported that Nonfarm Payrolls rose by 139,000 in May. This reading came in above the market expectation of 130,000. In this period, the Unemployment Rate remained unchanged at 4.2%, as forecast. The CME Group FedWatch Tool’s probability of a 25 basis points (bps) rate cut in July dropped below 20% from about 30% before the release of the employment report. Reflecting the renewed USD strength, the USD Index was last seen 0.55% on the day at 99.25. The US economic calendar will not feature any high-tier data releases in the remainder of the day. Meanwhile, Wall Street’s main indexes trade decisively higher following the opening bell on improving sentiment around the US economic outlook. Earlier in the week, the European Central Bank (ECB) announced that it lowered key rates by 25 bps after the June policy meeting. Commenting on the policy outlook, ECB President Christine Lagarde said that they might be approaching the end of the easing cycle. Euro FAQs The Euro is the currency for the 19 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with…

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Filed under: News - @ June 6, 2025 4:24 pm