EUR/USD skyrockets as US jobs data triggers Fed rate cut bets

Aug 3, 2025 - 01:49
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EUR/USD skyrockets as US jobs data triggers Fed rate cut bets
The EUR/USD surges more than 1% on Friday as the Greenback gets battered on a worse-than-expected jobs report in the United States (US), which triggered investors' reaction to price in two interest rate cuts by the Federal Reserve (Fed).

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