The EUR/USD pair witnessed some profit-taking on Wednesday and extended the previous day’s late pullback from two-month tops. As investors digested the Fed’s surprise rate cut, the greenback found support in stronger-than-expected US macro releases. Key quotes “The latest ADP report showed that the US private-sector employers added 183K jobs in February as compared to 170K expected while the US ISM Non-Manufacturing PMI unexpectedly rose to 57.3 in February – representing the highest level since February 2019.” “The data helped ease growing market concerns as was evident from a goodish bounce in the US Treasury bond yields from record lows, which remained supportive of the bid tone surrounding the buck.” “In absence of any major market-moving economic releases, either from the Eurozone or the US, the USD price dynamics might continue to act as an exclusive driver of the pair’s momentum.” “Some repositioning trade ahead of Friday’s key data risk – the closely watched US monthly jobs report – popularly known as NFP – might produce some trading opportunities on Thursday.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Additional gains above 1.2900 FX Street 3 years The EUR/USD pair witnessed some profit-taking on Wednesday and extended the previous day's late pullback from two-month tops. As investors digested the Fed's surprise rate cut, the greenback found support in stronger-than-expected US macro releases. Key quotes “The latest ADP report showed that the US private-sector employers added 183K jobs in February as compared to 170K expected while the US ISM Non-Manufacturing PMI unexpectedly rose to 57.3 in February – representing the highest level since February 2019.” “The data helped ease growing market concerns as was evident from a goodish bounce in the US Treasury bond yields from record lows,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
