EUR/USD reached a two-week high at 1.0700 and finished the week with minimal gains.
Sentiment shifted sour on a default by the Silicon Valley Bank in the US, at the risk of spillover in the sector.
US jobs data was mixed but flashed signs of cooling down.
Germany’s inflation was unchanged and warranted further tightening by the ECB.
The EUR/USD rose 0.45% late in the New York session in a volatile trading day, with Wall Street set to register substantial losses blamed on a US bank collapse. That overshadowed an awaited US jobs report, scrutinized by investors as the US Federal Reserve (Fed) noted that it would increase rates faster. At the time of writing, the EUR/USD exchanges hand at 1.0639.
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