Weak U.S. Data Likely Needed to Lift Euro -- Market Talk
Dow Jones2026/08/06 09:080908 GMT - The euro could struggle to rise meaningfully unless U.S. nonfarm payrolls data on Friday are weaker than anticipated, ING's Francesco Pesole says a in a note. The recent decline in oil prices isn't feeding through to lower U.S. front-end rates, leaving economic data as the key driver needed to lift the euro versus the dollar, he says. With no major eurozone specific catalysts on Thursday, ING is neutral on the euro. "The [euro] can stabilize in the $1.1530-$1.1550 area ahead of tomorrow's U.S. payrolls report." The euro falls 0.1% to $1.1543. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
August 06, 2026 05:08 ET (09:08 GMT)
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