Forex Analysis by Fawad Razaqzada covering: EUR/USD, GBP/USD, USD/JPY, USD/CNY. Read Fawad Razaqzada's latest article on Investing.com
data last week, putting some doubts over the narrative that the labor market tightness was easing.
But thanks to the resilience of the US economy, traders are expecting interest rates to remain at current levels longer than they had previously been expecting. This is what has helped to keep the dollar underpinned in recent weeks. The single currency has come under pressure of late, owing to growth concerns both over the Eurozone and China, with the latter being one of the largest export destinations for European goods.
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