EUR/USD Holds Steady Ahead of Key US Employment Data

The EUR/USD pair traded sideways on Thursday morning, with investors awaiting crucial US employment data. The ADP private sector jobs report, followed by weekly unemployment claims, are expected to influence market sentiment ahead of Friday’s highly anticipated Nonfarm Payroll (NFP) report. The Fed’s focus on employment indicators makes these releases especially important, potentially impacting the likelihood of a rate cut in September.

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