The U.S. economy added more jobs than expected in July, as the labor market was buoyed by strength in the service sector.
The Bank of England left its key rate and the amount of its asset purchase program unchanged Thursday after its monetary policy meeting.
The EURUSD is consolidating in the short term after rising to a one-month high last week thanks to Jerome Powell's dovish tone.
The dollar fell back this week, a victim of Jerome Powell's damning announcements that put off the prospect of an interest rate hike and weaker-than-expected growth in U.S. quarterly GDP.
The price of Bitcoin has rebounded strongly since Sunday. The leading cryptocurrency has gained nearly 20% since Sunday and about 35% over a week.
The EURUSD continues to consolidate as it awaits the outcome of the FOMC monetary policy meeting on Wednesday night.
Bitcoin is jumping to its highest level in six weeks on Monday, with some investors attributing the rise to speculation that Amazon may venture into digital currencies.
The EURUSD continues to trade flat at a bearish bias on Friday despite the ECB's dovish tone on Thursday which should have alleviated the selling pressure on the pair.
The European Central Bank pledged on Thursday to keep rates low for an extended period and to support the Eurozone economy until inflation stabilizes at 2% on a sustainable basis.
EURUSD is expected to remain stable ahead of tomorrow's ECB July meeting with the increasing risk that the ECB will adopt an accommodative tone. This should limit the euro dollar's rise ahead of the meeting.
Seven in 10 institutional investors plan to invest in or buy cryptocurrencies in the future, although price volatility is a drag on new entrants, according to a study by Fidelity.
Oil prices fell after OPEC and its allies agreed to end oil production cuts but also because the spread of the pandemic poses a risk to the strength of demand.
The EURUSD is at a crossroads moving between a medium-term bullish oblique and the bearish oblique of a short-term wedge.
The New Zealand dollar is up sharply this morning against other major currencies after bouncing off major support following the RBNZ's decision to end its "LSAP" QE.
U.S. consumers faced a third straight monthly increase in prices in June, the latest evidence that the rapidly reopening economy is fuelling pent-up spending on goods and services that, in many cases, remain scarce.
The EURUSD has been trying to rebound since Friday after returning to test a major support oblique last Thursday following the economic fears posed by the spread of the Delta variant.