5 October 2018, 15:06  EUR/USD keeps orbiting around the 1.1500

The shared currency remains under scrutiny at the end of the week while EUR/USD keeps orbiting around the 1.1500 handle. Spot remains under pressure on Friday, alternating gains with losses amidst rising cautiousness ahead of the publication of US Payrolls and some renewed jitters over Italian politics. In fact, the pair’s positive performance on Thursday came after optimistic news from the ECB, although the bullish attempt run out of steam in the 1.1540/45 band, motivating the subsequent move back below 1.1500 the figure. Looking ahead, the critical monthly report on the US labour market is due, with consensus expecting the economy to have added almost 190K jobs during September. In addition, the jobless rate is seen at 3.8% and Average Hourly Earnings are seen expanding at a monthly 0.3%.

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