Euro Falls Against US Dollar on Weak Sentiment and Upbeat NFP

The  euro today fell against the  much stronger US dollar extending the  bearish trend that began earlier this week as  the  greenback strengthened against its peers. The  EUR/USD currency pair fell to  its daily lows during the  American session following the  release of  the  US non-farm payrolls report for  August, which was mixed.
The  EUR/USD currency pair today fell from a  high of  1.1865 to  a  low of  1.1781 after the  release of  the  US NFP report before bouncing off the  lows by  the  time of  writing.
The  currency pair’s initial decline was driven by  negative investor sentiment during the  Asian market. The  release of  the  disappointing German factory orders report for  July contributed to the  pair’s decline. According to  the  Federal Statistical Office, German factory orders grew 2.8% versus the  expected 5% expansion contributing to  the  pair’s losses. The  greenback’s rally also contributed to  the  single currency’s decline as  tracked by  the  US Dollar Index, which hit a  high of  93.24 today.
The  fiber fell to  its daily lows after the  release of  the  upbeat US non-farm payrolls report for  August. According to  the  Bureau of  Labor Statistics, the  US added 1.37 million jobs instead of  the  expected 1.4 million jobs, slightly missing expectations. All other prints were positive, including the  unemployment rate, the  average weekly earnings, and  the  labour force participation rate.
The  currency pair’s performance over the  upcoming weekend is likely to  be affected by  geopolitical events.
The  EUR/USD currency pair was trading at  1.1831 as  at  16:49 GMT, having recovered from a  low of  1.1781. The  EUR/JPY currency pair was trading at  125.68, having risen from a  low of  125.30.
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