The dollar is losing momentum after the Non-Farm Payrolls report was postponed again due to the ongoing US government shutdown. With no fresh labour data, traders are left without one of the key indicators the Fed uses to gauge the economy.
💵 The dollar index has slightly retreated, while the euro has held steady around 1.155–1.156. Over the past year, the single currency has gained nearly 8% against the greenback, supported by improving risk sentiment and a pause in US rate-hike expectations.
🇺🇸 Uncertainty over fiscal negotiations in Washington is weighing on the dollar, as investors await any sign of compromise that could reopen government operations. Without reliable data, speculation grows that the Fed may adopt a more cautious tone in upcoming meetings.
🇪🇺 In Europe, inflation continues to ease and growth remains modest, yet the euro benefits from the relative weakness of its US counterpart. If positive Eurozone data or improved global sentiment appear this week, EUR/USD could extend gains above 1.16.
📈 Key levels to watch:
• Support: 1.1480
• Resistance: 1.1620
• Next target if momentum holds: 1.1700
⚡ Trading outlook:
Markets are entering a period of momentum rather than clear direction. A weak US tone could keep pushing EUR/USD higher, while any hawkish Fed signals or risk aversion may flip the trend back in favour of the dollar.
🚀 Ready to trade these moves? Start here 👉 https://my.nordfx.com/en/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx
💬 Stay alert, stay flexible, and trade smart with NordFX! 🌍💪💶
📊 Dollar vs Euro: Post-NFP Momentum Battle was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
