Euro edges higher as weak US labor data, lower Oil prices...

Euro edges higher as weak US labor data, lower Oil prices temper Fed hike bets

Published Aug 05, 2026 10:11 AM Last refreshed Aug 05, 2026 11:00 AM Source: EODHD Event Time: Aug 05, 2026 10:11 AM

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Euro edges higher as weak US labor data, lower Oil prices temper Fed hike bets

Source: EODHD - https://www.fxstreet.com/news/euro-edges-higher-as-weak-us-labour-data-lower-oil-prices-temper-fed-hike-bets-202608051411
Published: Aug 05, 2026 10:11 AM

EUR/USD trades modestly higher on Wednesday as weaker-than-expected US labor market data and easing energy-driven inflation risks temper Federal Reserve (Fed) rate-hike expectations and weigh on the US Dollar (USD).

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.