Select Language

EUR/USD stays trapped in 1.13-1.14 range ahead of payrolls - Danske Bank

Breaking news

EUR/USD stays trapped in 1.13-1.14 range ahead of payrolls - Danske Bank

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.05.01 17:52
EUR/USD stays trapped in 1.13-1.14 range ahead of payrolls - Danske Bank

update 2025.05.01 17:52

EUR/USD remains confined within the 1.13-1.14 range, as has been the case for most of the second half of April, Danske Bank's FX analysts report, Danske Bank's FX analysts report.

USD holds ground despite first economic contraction since 2022

"Yesterday's economic data had little impact on the cross, and for now, the broader FX market appears relatively unresponsive to incoming releases. The USD remained stable as US Treasuries continued to recover and equities rebounded, even as the economy contracted for the first time since 2022."

"It will be interesting to see whether tomorrow's US jobs report can shift this dynamic. The rebound in US equities - with the S&P 500 now just 2% below pre-'Liberation Day' levels - on the back of Trump's softer tariff rhetoric may help offset the otherwise unsupportive macro data for the USD, particularly given the current positive correlation between US risk sentiment and the greenback."

"While today's focus turns to ISM manufacturing, the session may prove to be another rangebound, wait-and-see day ahead of tomorrow's payrolls report. We continue to favour buying dips in EUR/USD."


Date

Created

 : 2025.05.01

Update

Last updated

 : 2025.05.01

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

AUD/USD falls to near 0.6380 despite robust Australian Trade Balance data

The AUD/USD pair is down 0.3% to near 0.6380 in Thursday's European session. The Aussie pair trades back-and-forth around 0.6400 from over a week, with investors seeking clarity on when the United States (US)-China trade war will resolve.
New
update2025.05.01 19:43

Will EU trade pivot away from the US? - Standard Chartered

The US has become the EU's dominant trade partner in the last decade; tariffs could end that dominance. The UK offers the biggest near-term opportunity to boost trade flows via TCA renegotiation.
New
update2025.05.01 19:06

USD: US economy contracts ahead of nonfarm payrolls report - MUFG

The US dollar has continued to rebound ahead of tomorrow's nonfarm payrolls report for April. It has resulted in the dollar index rising back above the 100.00-level overnight although US dollar gains are mainly against the yen.
New
update2025.05.01 19:01

EUR/USD bounces back intraday as US Dollar struggles to extend recovery

EUR/USD recovers its initial losses after sliding to near 1.1285 and flattens around 1.1330 during European trading hours on Thursday.
New
update2025.05.01 18:56

JPY: BoJ expresses more caution over delivering further rate hikes - MUFG

The yen has weakened overnight following the BoJ's latest policy meeting. It has helped to lift USD/JPY back above 144.50 as the pair moves further above the low of 139.89 set on 22nd April.
New
update2025.05.01 18:54

Former US Treasury Sec. Yellen: Trump tariffs to have 'tremendously adverse' impact

Former US Treasury Secretary Janet Yellen said on Thursday that US President Donald "Trump's tariffs to have a 'tremendously adverse' impact on the economy."
New
update2025.05.01 18:40

Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
New
update2025.05.01 18:30

CAD strengthens on trade optimism and BOC caution - BBH

The Canadian Dollar (CAD) is outperforming most major currencies, BBH FX analysts report.
New
update2025.05.01 18:27

BOJ holds rates, slashes forecasts - Yen falls - BBH

As was widely expected, the Bank of Japan (BOJ) left the policy rate unchanged at 0.50%. The decision was unanimous. The BOJ also reiterated its hawkish guidance that it will continue to raise the policy rate if the outlook for economic activity and prices will be realized.
New
update2025.05.01 18:23

USD/JPY rises post-BoJ - Société Générale

USD/JPY pushed higher after the Bank of Japan held policy steady and delivered a dovish message, but we continue to expect gradual JPY appreciation as safe haven demand and domestic inflows persist despite near-term positioning risks, Société Générale's FX analysts note.
New
update2025.05.01 18:19

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel