EUR/USD, EUR/GBP and GBP/USD bid ahead of US NFPs – IG
EUR/USD, EUR/GBP, and GBP/USD are all showing bids as traders await the release of the US Non-Farm Payrolls (NFPs) data. This data is closely watched by investors as it provides insights into the health of the US labor market and overall economy.
The EUR/USD pair is currently seeing increased buying interest, with the euro gaining strength against the US dollar. Similarly, the EUR/GBP pair is also experiencing bids, indicating that the euro is performing well against the British pound.
On the other hand, the GBP/USD pair is showing signs of bid as well, with the British pound holding its ground against the US dollar. Traders are closely monitoring these currency pairs ahead of the NFPs release, as the data could potentially impact their movements.
Overall, the forex market is active and dynamic as traders position themselves ahead of the US NFPs data. The outcome of this data release could have a significant impact on the direction of these currency pairs in the near term.