The EUR/USD pair recovered some ground on Monday, currently trading at around the 1.0800 level after bottoming at 1.0771 early in the Asian session.
The United States and Canada celebrate Labor Day, local markets will remain closed.recovered some ground on Monday, currently trading at around the 1.0800 level after bottoming at 1.0771 early in the Asian session. The US Dollar is giving up some of its Friday’s gains, resulting from United States data. On the one hand, the country released the August report, which showed the labour market is cooling while wage pressures eased. On the other, the ISM Manufacturing PMI improved to 47.
Speculative interest started the new week with modest optimism, as reflected by the positive tone of Asian and European indexes. Wall Street’s futures are marginally higher at the time being, although activity will most likely be limited through the American session as the US celebrates Labor Day, with local markets closed until Tuesday.
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