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EUR/USD holds near 1.0300 as traders await US NFP
EUR/USD trades in a tight channel at around 1.0300 in the European session on Friday. However, concerns over US President-elect Trump's policies and hawkish Fed expectations keep the US Dollar afloat ahead of the Nonfarm Payrolls data, capping the pair's upside.
GBP/USD struggles to stay above 1.2300, eyes on US jobs report
GBP/USD finds it difficult to gather recovery momentum after rising above 1.2300 earlier in the day. The pair remains vulnerable amid persistent US Dollar strength and the UK bond market turmoil. The focus now shifts to the US labor market data for fresh directives.
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Editors’ Picks
Gold climbs to fresh multi-week high above $2,680 ahead of US NFP
Gold price (XAU/USD) gains some follow-through positive traction for the fourth consecutive day and trades at its highest level in nearly a month above $2,680. Market focus shifts to US labor market data, which will feature Nonfarm Payrolls and wage inflation figures.
Nonfarm Payrolls forecast: US December job gains set to decline sharply from November
US Nonfarm Payrolls are expected to rise by 160K in December after jumping by 227K in November. US jobs data is set to rock the US Dollar after hawkish Fed Minutes published on Wednesday.
XRP funding rates flashes negative, eyes $2.17 following 4% decline
Ripple's XRP declined 4% on Friday following a decline in its funding rates. The remittance-based token could decline to test the $2.17 support level if the crypto market decline extends.