US Dollar Awaits Jobs Data. Forecast as of 02.09.2024

Should the US Federal Reserve choose to act in response to growing discontent over the cooling labor market, the August employment data will serve as a key driver for the EURUSD pair. Let's discuss this topic and make a trading plan.Highlights and key points The winding down of speculative short positions on the US dollar became a reason for the EURUSD rebound. The slowdown in EU inflation is pushing the ECB to cut rates in September.  The August labor market report will be a litmus test fo