EUR/USD retreats from six weeks as a greenback steades after us NFP revision

• The euro loses land against the US dollar on Tuesday and pulls out a two -day winning lane with a greenback.
• BLS said the wages were overvalued by 911,000 jobs by March 2025, confirming that the labor market would cool more sharply than previously mentioned.
• Investors are waiting for the comments of the ECB Council member François Villeroy de Galhau, which is to be spoken later on Tuesday.

Euro (eur) edges lower against US dollar (USD) on Tuesday, with EUR/USD Lowering a two -day winning lane when Greenback found a renewed demand for the US Nonfarm Payrolly (NFP) Benchmark revision. At the time of writing, the couple trades around 1.1730, from July 24th it ranges from the strongest level of July 24 and has dropped by almost 0.30%.

The US Labor Statistics Office (BLS) reported its preliminary annual revision revision, which shows that wages were overvalued by 911,000 jobs by March 2025, corresponding to 0.6% of senides. The revision emphasizes that the labor market cools sharply than previously reported, and adds weight to the expectation that the federal reserve system (Fed) will reduce rates at its 16th-17 meeting. September. While the data strengthens the pigeon case, the fact that such a weakness was widely awaited, caused a wave of short coverage of the US dollar and lifted the greenery off the seven -week minimum.

US dollar index (DXY), which follows the Greenback against the basket of six main currencies, represents a modest recovery after falling to the lowest level in seven weeks earlier in the session. At the time of writing, the index is traded around 97.60, although it remains under pressure from pigeons viewWith the markets that the central bank favors maximum employment over the stability of the price within its dual mandate, given that monetary policy is still slightly limiting.

On the European side, the sentiment remains shrouded in a political risk after French Prime Minister François Bayra lost a parliamentary vote on trust on Monday and forced his resignation. Investors also focus their attention on comments Central Bank (ECB) Member of the François Villeroy de Galhau Council, which is to be spoken later on Tuesday.

Meanwhile, in the US on Wednesday and the Consumer Price Index (CPI) on Thursday in the US next week she filed in the US, the US in the US.