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From economiccalendar.comEUR/USD posted a second week of gains despite a strong US jobs report that provided confirmation that the Fed will raise rates in the upcoming week. With the March probabilities nearly fully priced in at 90.8% ahead of the NFP release and built up expectations for a stronger report, the dollar ... ( full story ) Similar to the prior week, the bulk of gains in the pair materialized on Friday to bring the pair back into positive territory for the week. A stronger than expected ADP jobs report on Wednesday provided reassurance that the Fed will proceed to tighten as communicated, causing the markets to further price in a March hike ahead of the NFP report.
collected by :John Miller
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