The US Dollar continued its ascent on Friday, January 9, extending gains as traders positioned themselves ahead of the crucial Non-Farm Payroll (NFP) report. The USD/EUR exchange rate showed strength, rising to 1.0850, reflecting a 0.5% increase. Analysts anticipate that positive employment data may bolster the dollar further, reinforcing expectations of potential interest rate hikes from the Federal Reserve.
Meanwhile, the EUR/USD pair traded down to 1.1450, driven by concerns over slower economic growth in the Eurozone. Market participants are closely monitoring the NFP figures, with forecasts suggesting an addition of 200,000 jobs. A stronger-than-expected outcome could trigger a more aggressive stance from the Fed, leading to increased volatility in currency trading as traders adjust their positions based on the evolving economic landscape.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 08:29
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.