EUR/USD Weekly Forecast: US Dollar Strengthens Amid Employment Data
September Nonfarm Payrolls exceeded market expectations.
Ongoing fragility in the European economy raises recession risks.
The pair fell below 1.1000, reaching 1.0958 on Friday.
The US Dollar advanced due to reduced expectations for aggressive Fed rate cuts following positive macro data.
Concerns over oil supply disruptions affected stock market momentum, resulting in mixed performance in US equity indexes.
