After a brief consolidation phase during the Asian session on Friday, the EUR/USD has come under strong downward pressure in the European morning and has touched its lowest level since December 2002 below 1.0100. The pair is now less than 100 pips away from parity.
Friday’s risk-off sentiment appears to be buoying the dollar and keeping the pair pushing lower. US stock index futures are down 0.2%-0.3%, while the DXY dollar index is up 0.65% at 107.75.
Later, the US Bureau of Labor Statistics will report June employment. NFP nonfarm payrolls are expected to rise by 268,000 in June, following a better-than-expected increase of 390,000 in May.
EUR/USD 15 minute chart
Source: Fx Street
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