EUR/USD spiked after the US NFP print, but mixed numbers confounded markets.
US NFP showed more jobs added, but steep revisions crimp risk appetite.
Next week: US and EU CPI inflation on Tuesday.
EUR/USD found some room on the top end on Friday, climbing to a fresh high for the week near 1.0980. Bullish momentum got pulled down after investors realized the US Nonfarm Payrolls (NFP) print was more complicated than the initial reaction.
US NFP job additions came in above expectations, but the previous print was steeply revised lower, taking it down from an 11-month high. European final Gross Domestic Product (GDP) figures broadly came in at expectations, and markets will be pivoting to face next Tuesday’s Consumer Price Index (CPI) inflation prints for both the US and the euro area.
Edited 11 Mar 2024, 20:50
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