- EUR/USD gains to near 1.1610 amid weakness in the US Dollar.
- Weak US ADP Employment Change data for August has set an unfavorable backdrop for the US NFP.
- The ECB is anticipated to raise interest rates on September 10.
The Euro (EUR) is up 0.2% to near 1.1610 against the US Dollar (USD) during the European trading session on Thursday. The major currency pair gains as the US Dollar underperforms due to multiple headwinds, weak United States (US) ADP Employment Change data for August and the Federal Reserve (Fed) pushing back upside inflation risks.
- Euro rallies against a weak British Pound as UK business activity disappoints
- Euro nudges up against British Pound with Eurozone and UK PMIs in focus
- Gold drops to three-day low, eyes $4,300 as hawkish Fed and Iran risks underpin USD
- Euro: Downtrend eyes 1.1400 support against US Dollar.
- EUR/JPY Price Forecast: Remains above 180.50 amid subdued upside momentum
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