Euro holds despite upbeat services PMI
The euro held steadily against most of its major peers Friday, amid calm trade as the US markets closed in observance of the 4th of July holiday.
The US stock and bond markets are closed today in observance of the Independence Day holiday, and will reopen on Monday.
Wall Street closed higher yesterday, as Nasdaq scored a new record, on a strong monthly jobs report that showed the US economy has added 4.8 million new jobs in June, beating forecasts of 3 million jobs, and the unemployment rate fell to 11.1%.
As for the EU, the Eurozone services PMI rose to 48.3 points in June, higher than forecasts of holding at 47.3 points unchanged from the previous reading.
By 15:29 GMT, EUR/USD held at 1.1243, after the pair hit a high of 1.1251 and a low of 1.122.
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