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EURUSD Drops Below $1.16 as Strong US Jobs Fuel Fed Rate Hike Bets

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The Story

News Summary

  • The euro dropped below $1.16 after US nonfarm payrolls surged by 162,000, beating forecasts and lifting expectations for a Federal Reserve rate hike.
  • Despite solid German factory orders and upcoming ECB rate hike pricing, strong US employment data bolstered the dollar across the board.
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EURUSD price history

1.16 +0.00% over the displayed period

Advisor Snapshot

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