January 4, 2024 – Written by James Fuller
STORY LINK Euro to Dollar Rate Not in a Position to Challenge 1.10
The dollar was unable to make any headway against European currencies ahead of Thursday’s New York open, but posted tentative net gains following stronger than expected US jobs data.
Following the US data, the Euro to Dollar (EUR/USD) exchange rate retreated to 1.0940 from 1.0970, but selling was limited as equities resisted significant selling.
Latest ADP data recorded an increase in private-sector payrolls of 164,000 for December compared with consensus…
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