September Euro futures saw a significant bounce today, rallying to the top of its recent horizontal channel. This move was supported by stronger-than-expected Eurozone second-quarter GDP, which expanded 1.5% year-over-year, and missed US non-farm payrolls for the second consecutive month. The weak US jobs report, which saw only 22,000 jobs added in August, has increased US rate cut probabilities, which has driven the dollar lower against major currencies like the euro.
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