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Here is what you need to know on Friday, February 2: The US Dollar (USD) came under heavy selling pressure and the USD Index declined nearly 0.5% amid falling US bond yields in the American session on Thursday.
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Today, we're tracking the jobs report and consumer sentiment as well as looking ahead to next week.
Bankinter: Industrial Production in November was worse than expected: -4.8% year-on-year versus -4.0% expected and -3.4% previously (revised from -3.5%). In
EUR/USD managed to erase its daily losses after dipping below 1.0900 on Friday but closed the first week of 2024 in negative territory.
The EUR/USD pair trades uneventfully around its daily opening, trading in the 1.0940 price zone ahead of Wall Street’s opening.