EUR/USD turns south below 1.0000 as dollar rebounds ahead of US data EURUSD Technical Analysis Currencies Employment DollarIndex
The US dollar rebounds with yields as hawkish RBNZ move revives aggressive Fed rate hike bets. is turning south towards 0.9950 after meeting fresh supply just below the parity mark. The broad US dollar rebound is aiding the renewed downside in the main currency pair.
Meanwhile, risk tone has turned slightly cautious, as investors now look forward to the US ADP jobs and ISM Services PMI data for fresh hints on the size of the Fed rate hike in November. On Tuesday, a sharp drop in the US job openings smashed the dollar across the board, as the data tempered super-sized Fed rate hike expectations.
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