Previous close | 1.0731 |
Open | 1.0730 |
Bid | 1.0742 |
Day's range | 1.0728 - 1.0748 |
52-week range | 0.9540 - 1.1494 |
Ask | 1.0737 |
The Euro has dropped a bit during the trading session on Monday, as we are hanging around just below the 1.08 level.
The index is maintaining the positive tone seen after Friday’s strong employment report, which recorded a surge in U.S. nonfarm payrolls in January. This suggests that the U.S. Federal Reserve has enough headroom within the labor market to keep raising interest rates, which benefits the dollar directly as well as potentially weighing on global growth, to the benefit of the safe haven greenback.
The Euro has initially rallied during the trading week but gave back all of the gains to show signs of exhaustion.