Markets are in a holding pattern as traders await key economic indicators from the Eurozone and the US. The EUR/USD currency pair currently trades at 1.0590, reflecting a cautious sentiment ahead of the Eurozone inflation data, which could influence the European Central Bank's monetary policy. Analysts expect inflation figures to remain elevated, potentially impacting the euro's exchange rate.
Additionally, attention shifts to US employment data, with forecasts suggesting a modest increase in non-farm payrolls. The USD has shown resilience, with the USD/JPY pair hovering around 137.50. Strong employment numbers could bolster the dollar, emphasizing the ongoing divergence in monetary policy between the US and Europe. As traders position themselves ahead of these releases, volatility is anticipated in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2026-01-07 07:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.