Currencies: Dollar hammered as markets fear a poor payrolls report
EUR/USD was supported as ECB Draghi didn’t give any hints that the ECB will ease policy further anytime soon. Later in the session, markets started a sharp repositioning ahead of the payrolls. Investors apparently feared that the dollar could lose interest rate support in case of a weak report. The dollar was sold across the board.
Read the full report: FX Daily
KBC