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EURUSD: Intraday Analysis & Forecast

The U.S. dollar regained some ground on Tuesday and hovered near a one-week high against a basket of currencies, ahead of a flurry of employment data that could upend investor expectations for the outlook for interest rates.

Investors are keenly awaiting Friday’s U.S. non-farm payrolls report for November. But before then, the monthly JOLTS report – which captures monthly hirings and firings – lands later on Tuesday and the private-sector ADP survey is due on Wednesday. Both could shape expectations for Friday’s number and make for volatile trading in the run-up, given the power of monetary policy expectations to drive currencies right now.

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