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EUR/USD Price Edges Higher Ahead of Crucial NFP Data Release

Guavy AI Editorial Team
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The EUR/USD price is trading slightly higher against the US Dollar at around 1.1600 during the early European trading session on Thursday.

Investors are awaiting the US Nonfarm Payrolls (NFP) data for August, which will be published on Friday and could provide fresh cues regarding the Federal Reserve's monetary policy expectations.

TD Securities warns that a 'firm NFP may increase hike fears, but inflation keeps markets nervous and the reaction asymmetric,' suggesting that investors are reluctant to fully price in a more aggressive Fed path until they see the next CPI print.

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