EUR/USD stretched lower and printed fresh lows for the day as investors continue to asses a stronger than expected nonfarm payrolls report.
The dollar strengthened broadly in the aftermath of the report, which showed the US economy created 257,000 new jobs in January (234,000 expected), while previous reading were upwardly revised. Solid employment numbers support expectations the Fed could begin to normalize its monetary policy this year, boosting the greenback across the board.
EUR/USD hit a reaction low of 1.1350 but continued to move south toward a fresh trough of 1.1315 in recent dealings. At time of writing, the pair is trading at 1.1330, recording a 1.27% loss on the day.
The euro however, is still holding onto small gains for the week despite news the ECB will no longer accept Greek bonds as collateral.
The dollar strengthened broadly in the aftermath of the report, which showed the US economy created 257,000 new jobs in January (234,000 expected), while previous reading were upwardly revised. Solid employment numbers support expectations the Fed could begin to normalize its monetary policy this year, boosting the greenback across the board.
EUR/USD hit a reaction low of 1.1350 but continued to move south toward a fresh trough of 1.1315 in recent dealings. At time of writing, the pair is trading at 1.1330, recording a 1.27% loss on the day.
The euro however, is still holding onto small gains for the week despite news the ECB will no longer accept Greek bonds as collateral.
