EUR/USD PRICE FORECAST: CAUTION AHEAD OF NFP
EUR/USD PRICE FORECAST: CAUTION AHEAD OF NFP
EUR/USD rose above 1.0400 on Wednesday, continuing Tuesday's gains.
US Dollar remains weak amid ongoing tariff uncertainty.
US ADP report exceeded expectations with 183K jobs added in January.
DXY dropped below 108.00, reflecting continued USD weakness.
The decline in the Greenback is linked to tariff developments: delay in 25% tariffs on Canada/Mexico but 10% tariffs on China remain.
Uncertainty over trade policies has led investors to unwind long USD positions.
