Cocoa Sees Some Support from Weak Dollar
Barchart Option·
Weekly EUR/USD outlook: US CPI and ECB in focus after strong jobs data
Forex·- The weekly EUR/USD outlook notes potential volatility during the New York session following a strong dollar performance due to a positive labor market report. - The report revealed a significant increase in nonfarm payrolls and a stable unemployment rate, leading to rising expectations for a Federal Reserve rate hike by year-end. - Attention now shifts to upcoming U.S. consumer price inflation and the European Central Bank’s interest rate decision, both of which may significantly influence market sentiment.