fxstreet.com 05 Feb, 2021 16:15 am

EUR/USD to slide towards 1.18 as NFP increase the urgency to draft fiscal support – TDS

EUR/USD to slide towards 1.18 as NFP increase the urgency to draft fiscal support – TDS
Nonfarm Payrolls (NFP) in the US increased by 49,000 in January, the data published by the US Bureau of Labor Statistics showed on Friday. Wind was ta

Analysts at TD Securities view this as an opportunity to fade, however, and remain focused on the downside in the EUR/USD pair.This, alongside our expectations for US rates, has us focused on the downside in EUR/USD targeting a move to 1.Wind was taken out of the USD's sails following the report.” “A rather underwhelming print to payrolls has significantly taken the wind out of the USD's sails, denting a US exceptionalism theme that has been emerging recently.

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