Labour Day — News Archive

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Euro Drops on Upbeat US ADP Jobs Data, Rallies on Weak PMI Print

The euro today rallied against the US dollar for the fourth consecutive session despite the lack of releases from the European docket due to the labour day holiday. The EUR/USD currency pair today rallied higher from the early European session as investors adopted a wait and see attitude towards the greenback ahead of the FOMC interest rate decision.

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