4 Global Market Updates- 3 February, 2023

In this article, we have covered the highlights of global market news about the EUR/USD, NZD/USD, USD/CNH and USD/JPY.

The EUR/USD is hovering over 1.0900 ahead of major US data.

The single currency is still processing Thursday’s sharp fall after the ECB, encouraging the EUR/USD to trade in a constrained range near the low-1.0900s on Friday.

The emphasis of EUR/USD is data. Due to increased caution among market players in anticipation of the impending US Nonfarm Payrolls for January, price movement around the EUR/USD has been quiet thus far in the European morning (185K exp).

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