EUR/USD prolonged its agony throughout the week, poising to print losses of 0.70%, as it fell 0.20% on Friday, despite the release of mixed economic data in the US. In the European Union, Retail Sales exceeded forecasts, but traders’ focus remains around the dynamics of the US and the Dollar. The pair trades at 1.1636 after hitting a daily peak of 1.1662.
Euro remains under pressure despite mixed US data, as investors stay focused on Dollar dynamics
December’s US Nonfarm Payroll figures were mixed as the economy added 50K jobs, below forecast for a 60K increase, also below November’s 64K print. Nevertheless, the Unemployment Rate edged lower from 4.6& to 4.4%, revealed the US Bureau of Labor Statistics (BLS).
Other data revealed that the housing market continued to lose momentum, as Building Permits and Housing Starts in October both declined relative to November’s readings….
