EUR/USD ends NFP Friday near where it started after rejection from 1.1000

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• EUR/USD whipped in hectic Friday action following Eurozone inflation, US labor data.
• European inflation continues to hamper the ECB, while US jobs data beat the street.
• EUR/USD wraps up the week near 1.0940.

The EUR/USD fell to a three-week low on Friday after European inflation rebounded higher in December, with the Eurozone Harmonized Index of Consumer Prices (HICP) for the year ended December climbing to 2.9% versus November’s YoY 2.4%. Markets were expecting a print of 3.0%, but higher inflation of any amount reduces the chances of the European Central Bank (ECB) cutting interest rates to reduce borrowing and lending costs.