The pair traded between $1.3651 and $1.3690 in the US session overnight and started in Asia at $1.3681 this morning. Euro-dollar moves were largely seen as a consequence of the broader US dollar tone, as market players waited for tonight’s payrolls data before adding on to their positions. Euro-dollar weakened from early in the session, slipping to $1.3670 first and then to $1.3665 before making a session low of $1.3663 in the late morning. The pair then witnessed a mild recovery, courtesy of demand from $1.3650, some of that rumored to be option-linked, and euro-dollar then went back to $1.3672 inthe early afternoon. Flows have generally remained tepid before the jobs data release tonight, while sell orders from $1.3700 and $1.3720 appear to be keeping a lid on euro-dollar at the moment, although there are minor buy-stops also mixed in there from $1.3705.
