Friday's US labor market report finally dispelled any remaining doubts about whether the Fed would cut interest rates soon, briefly pushing EUR/USD above the 1.1750 mark. Only one of the 80 analysts surveyed by Bloomberg had expected an even worse figure.
The General Administration of Customs will publish its data for August on Monday at 03.00 GMT. Trade balance is expected to widen to $99.2B in August, compared to $98.23B in the previous reading. Exports are expected to climb by 5.0%, while Imports are projected to rise by 3.0%.
The EUR/USD advanced during the North American session after the latest employment report in the United Sates (US) showed the labor market is deteriorating. Consequently, investors ditched the US Dollar as the first rate cut by the Federal Reserve in 2025 looms.