Anna 
As the new week unfolds, EUR/USD remains in proximity to the 1.0750 level, with Friday’s pronounced fluctuations in response to US non-farm payrolls failing to impart a clear direction to the currency pair.
The non-farm payrolls report brought about a positive surprise, underscoring the resilience of the labor sector as a foundational element of the U.S. economy. This factor has been a key driver behind the U.S. economy’s robust performance, which contrasts with the relatively slower pace observed in Europe.
With the U.S. employment sector demonstrating strength and the unemployment rate maintaining a low level, concerns arise about the sustainability of recent alleviations in inflationary pressures. This consideration may prompt speculation that the Federal Reserve could persist with elevated interest rates, providing support for the U.S. dollar.
The spotlight turns to Tuesday’s release of the U.S. consumer price index, a pivotal event that could either reinforce or dispel the aforementioned speculation about the Federal Reserve’s stance.
Simultaneously, major central banks, including the Federal Reserve, Bank of England, and European Central Bank, are set to convene this week to deliberate on interest rate directions. While no immediate changes are anticipated, attention is keenly focused on post-decision statements from governors, with market participants eager for insights into future intentions.
The current day’s agenda is notably light, but anticipation builds for the upcoming days, which promise a wealth of significant economic data releases and central bank decisions. Market participants are poised to react to potential developments that could shape the trajectory of EUR/USD in the coming days.
