Stronger US labor market data keeps EUR/USD steady near 1.1620-1.1650 as short-term rates hold firm.
EUR/USD traded in a tight 1.1620–1.1650 range as US and Euro area short-term rates remained stable. The pair showed little movement despite stronger-than-expected US JOLTS data, reflecting a resilient labor market.
Recent US jobs figures have reinforced expectations of sustained dollar strength, offsetting any immediate euro gains. Prior sessions saw similar consolidation, with the pair fluctuating within a narrow band as traders awaited fresh catalysts.
No significant market reaction was reported, as the range-bound activity reflected balanced sentiment between the two currencies.