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EURUSD Intraday Analysis & NFP Forecast

The dollar fell to a three-week low against the yen on Friday after data showed that U.S. jobs growth slowed more than expected in April and annual wage gains cooled, boosting bets that the Federal Reserve will cut rates twice this year.

Employers added 175,000 jobs last month, below economists’ expectations for a 243,000 increase. Wages increased 3.9% in the 12 months through April, below expectations for a 4.0% gain after rising 4.1% in March.

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