Home EUR EUR/USD: Euro Trades Lower Ahead of NFP

EUR/USD: Euro Trades Lower Ahead of NFP

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4th September 2020

The Euro US Dollar (EUR/USD) exchange rate is trading lower again on Friday, its fourth session in the red. The pair trades US$1.1840.

Concerns over the economic recovery are dragging on demand for the Euro. German factory orders +2.8% mom in July, missing expectations of a 5% increase. The data comes following an unexpected -1.3% decline in retail sales in the Eurozone.

US Dollar is edging higher ahead of US non-farm payroll. Analysts are expecting +1.4 million hires in August vs 1.76 hires in September. Unemployment rate is due to fall to 9.8%, down from 10.2%.

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Currencylive.com is a site operated by Wise Inc. ("We", "Us"), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of Wise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.