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Forex

EUR/USD Holds Steady Ahead of Key US Economic Data

Guavy AI Editorial Team
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EUR USD
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The EUR/USD currency pair is maintaining its gains near 1.1630 as investors await the US NFP data for August, a key indicator of the economy's health.

Fed Governor Christopher Waller recently commented on inflationary pressures, stating that he 'is finally seeing some signs of disinflation in recent data.'

This dovish remark has led to a sharp selling pressure on the US Dollar, pushing it close to Thursday's low near 99.00.

The EUR/USD pair holds above its 100-day simple moving average (SMA) at 1.1564, indicating a mildly bullish trend.

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