- After initially rising to 1.0880, the EUR/USD declines to 1.0785, below the 200-day SMA at 1.0815.
- Manufacturing PMIs from the US showed better-than-expected results.
- The US DXY index and Treasury yields significantly recovered following the release.
Following the release of a mixed Nonfarm Payrolls report, which saw employment rising higher than expected, wages decelerating and the unemployment rate rising above expectations in August, the US Dollar (USD) reversed its course, recovering on the back of stronger Institute for Supply Management (ISM) PMIs.
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