EUR/USD - Overview as of 10.01.2025
Published on 10.01.2025 15:17
European stock markets ended Thursday on a positive note, while EUR/USD was under pressure. Quotes are retesting the support zone and there is a possibility that we could see further developments today. Expectations of increased volatility are due to the upcoming publication of data related to the labor market in the United States. If the data turns out to be weak, there is a probability of quotes growth resumption. Conversely, strong data on the labor market will reduce the chances of a significant reduction in the key rate and strengthen the U.S. dollar. At the same time, the single European currency will be under pressure and we may see an update of the recent market minimum.