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EUR/USD steps back after US payrolls come in slightly below forecasts
The US February monthly jobs report has just now hit the screens. As noted here earlier, the markets were looking for non-farm payrolls to rise by around 160-170k, up from a previous number of 143k. The actual number is 151k . The unemployment rate has risen to 4.1% and average wages were below consensus. Ahead of this report the EUR/USD had earlier extended its 2025 high to 1.0871, but then retreated modestly. It was trading at around 1.0860 leading into the report. It has risen to a new 2025 since, reaching 1.0878, but it has backed off almost as quickly. The EUR/USD is pretty choppy right now and that covers the price action in the USD/JPY as well. The EUR/USD is now trading at 1.0858
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