EUR/USD edges lower on Good Friday, United States Nonfarm Payrolls eyed EURUSD ECB NFP Fed SEO
employment numbers during early Friday. In doing so, the Euro pair also bears the burden of the Good Friday holidays in the major Western markets, including Europe. than the Federal Reserve keeps the EUR/USD on the way to posting the third consecutive weekly gain, despite recent recession woes.EUR/USD remains firmer overall as the latest data from Germany and the Eurozone appear to keep the European Central Bank hawks on the table, unlike their US counterparts.
On a broader front, Eurozone S&P Global Composite PMI eased to 53.7 in March versus 54.1 first readings whereas Services PMI also declined to 55.0 during the stated month from 55.6 preliminary forecasts. On the other hand, St. Louis Federal Reserve President James Bullard said on Thursday he thinks inflation is going to be sticky going forward.
On the same line are comments from International Monetary Fund Managing Director Kristalina Georgieva who said in her prepared remarks on Thursday that she expects the global economy to grow by less than 3% in 2023, down from 3.4% in 2022, per Reuters.
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