- 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 holds modest gains as Oil prices tumble on US-Iran diplomacy
- Gold rebounds toward $4,000 as Iran peace hopes sink Oil, US Dollar
- Gold bulls seem hesitant below $3,900 as Fed hike bets offset weak USD
- Euro: Mixed outlook as ECB weighs energy shock .
- Gold bears retain control below $4,000 as hawkish Fed bets back further losses
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