Forex
EUR/USD Cautious Ahead of US Employment Data
The EUR/USD pair remains stable around 1.1505 as European trading hours begin on Tuesday, but market participants are cautious ahead of the US JOLTS Job Openings data release.
As traders await the US employment data, they are also keeping an eye on the upcoming July jobs report, which could provide insights into the labor market's health and influence interest rate decisions in the United States.
The European Central Bank (ECB) has hinted at a potential rate hike, with financial markets pricing in more than two increases by October and April.
Eurozone inflation ticked up to 2.9% YoY in July, exceeding expectations and bolstering the case for an ECB rate hike.