The Euro gains against the Dollar after Fed remarks ease rate hike expectations ahead of key US employment figures.
The EUR/USD pair climbed to 1.1380 in early Asian trading, extending gains above 1.1350. The move follows less hawkish comments from Federal Reserve officials, which weighed on the US Dollar.
Prior to the session, the pair traded near 1.1350, with markets pricing in a softer Fed stance after recent remarks. Traders are now awaiting June’s US nonfarm payrolls data, which could influence the Fed’s next policy steps.
No immediate market reaction was reported beyond the currency pair’s modest advance.