EUR/USD exhibits volatility contraction as US NFP looms large

EUR/USD oscillates in a tight range around 1.0300 as investors await the US NFP data for December, which will influence the Fed interest rate outlook. US President-elect Donald Trump is expected to declare a national economic emergency. The Euro gains despite traders price in four interest rate cuts by the ECB this year.

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EUR/USD exhibits volatility contraction as US NFP looms large

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The United States will impose the toughest sanctions on Russia’s oil industry, according to a document from the U.S. Treasury Department. The sanctions, which have already pushed global oil prices close to $80 per barrel, target around 180 vessels, dozens of traders, two major oil companies….