The Euro falls against the US Dollar on Thursday following the release of June’s employment figures in the United States (US), which showed why the Federal Reserve (Fed) is not ready to reduce borrowing costs. At the time of writing, the EUR/USD trades at 1.1744, down 0.45%.
The Greenback added to Wednesday’s uptick and climbed to fresh multi-day highs boosted by firmer prints from the US Nonfarm Payrolls in June, reinforcing the view of a extremely resilient US labour market and motivating market participants to start repricing potential rate cuts by the Fed in the nex
The Japanese Yen (JPY) weakens against the US Dollar (USD) on Thursday, as stronger-than-expected US Nonfarm Payrolls (NFP) data lifts the Greenback and reinforces policy divergence between the Federal Reserve (Fed) and the Bank of Japan (BoJ).