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EURUSD rises ahead of NFP report release

12:56 PM 4 January 2019

Despite weaker than expected European CPI reading the main currency pair is trading higher today ahead of the US labour market report release (1:30 pm GMT). Bar of expectations is set high after yesterday’s ADP print signalled huge increase in employment. Apart from that, wage growth is expected to decelerate slightly what may fuel some dovish talk from Fed members. At 11:55 am GMT EURUSD trades at 1.1411 (+0.15%).

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