The Euro rises 0.15% against the Dollar as markets await key US employment and services data amid mixed Fed signals.
The Euro traded 0.15% higher at 1.1550 against the US Dollar in European trading, supported by a softer Dollar ahead of a busy North American session. The US Dollar Index fell 0.15% to near 99.70, reflecting selling pressure on the Greenback.
Markets focus on July private sector employment data from ADP and the ISM Services index, following mixed signals from recent economic indicators. Analysts note ADP’s weekly estimates suggest cooling employment growth, while the ISM Services print may indicate an uptick in business activity.
Fed communication remains divided, with hawkish and dovish policymakers offering contrasting views on monetary policy. Kansas City Fed’s Schmid argued for further tightening, while Philly Fed’s Paulson cautioned against rapid rate hikes.