US Dollar Strength Unleashed as EUR/USD Tests the 1.1500 Big Figure

US Dollar Talking Points:

– The US Dollar is pulling back from fresh seven-week highs as the currency has been in a near-parabolic run over the past week. A bit of resistance has started to show around the 96.00 level, and this keeps the door open for support potential at prior points of resistance at 95.53 and 95.00. Tomorrow brings September Non-Farm Payrolls data to markets, and the expectation is for +185k jobs to have been added to American payrolls last month. As has become usual with these releases, intense focus will be on the details contained within the report, specifically Average Hourly Earnings for signals of wage inflation.

– After spending most of Q3 finding support at 1.1530, EUR/USD has quickly tested below that level to open up Q4. The European Central Bank begins tapering bond purchases this month, and it comes at somewhat of an inopportune time as pressure has started to show around Italian bonds. As Italian bond yields have moved up, we’ve seen additional selling in the Euro, and this is a theme that could remain of interest as we move deeper into Q4.

– DailyFX Forecasts on a variety of currencies such

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