The story repeated on Thursday, the shared-currency rallied during the European session only to surrender gains as soon as American investors join the market. EUR/USD peaked at 1.2982 after encouraging data on the U.S. labor market lifted risk appetite, but failed to consolidate and then pulled back amid news that a Greek court ruled that pension reforms requested by the troika in order for Greece to secure more bailout cash may be unconstitutional.
Ahead of the U.S. nonfarm payrolls report, ADP reported the private sector added 158,000 jobs in October, adding to the positive mood. The ISM manufacturing PMI and a gauge of consumer confidence also came in above expectations.
Euro remains rangebound, NFP eyed
The rally of the euro against the dollar
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