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EUR/USD still digesting conflicting US data

The EUR/USD fell to a low at 1.0877 on Friday afternoon, as the December US jobs report boosted the dollar across the board. Well, as you already know, that slide in the Euro was very quickly reversed after the release of the December ISM service sector report later showed an unexpected decline. The employment component of that ISM report was especially weak (at 43.1 compared to 50.7) and that completely derailed the data from monthly jobs report taken over the same timeframe. The EUR/USD reversed all the immediate losses and catapulted back to a high at 1.0998. The EUR/USD later closed on Friday at 1.0943. That close was just 2 pips below where the EUR/USD had closed on Thursday and was all due to the disparity between these two, very conflicting sets of data. The range seen so far today has been covered by 1.0931 to 1.0954. The EUR/USD is currently trading at 1.0936

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