EUR/USD touched its highest level since mid-November above 1.0600 on Friday but lost its traction to end the week virtually unchanged.
EUR/USD moves sideways near 1.0550 after closing the previous week virtually unchanged. Investors could refrain from taking large positions ahead of the ECB meeting. The near-term technical outlook fails to offer a direction clue. The pair holds steady at around 1.0550 in the European morning on Friday. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days. Euro was the strongest against the Australian Dollar.
This reading followed the 36,000 increase reported in October and surpassed the market expectation of 200,000. On a negative note, the Unemployment Rate edged higher to 4.2% from 4.1% in the same period. Finally, the annual wage inflation, as measured by the change in the Average Hourly Earnings, held steady at 4%, coming in above analysts' estimate of 3.9%. The economic calendar will not offer any high-impact data releases that could influence EUR/USD's action on Monday.
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