⚡ Euro nudges higher above 1.1350 on softer Fed stance, traders await US jobs data

**BREAKING: Euro Climbs Past 1.1350 as Fed Chair Signals Softer Monetary Stance**

The euro is posting modest gains against the dollar Thursday morning in Asian trading, pushing above 1.1350 to reach approximately 1.1380. The move comes after Federal Reserve Chairman Kevin Warsh delivered less hawkish commentary than markets anticipated, weakening the greenback across major pairs. The shift in Fed rhetoric is prompting traders to reassess dollar positioning ahead of critical US employment data due later today.

June jobs figures are now in sharp focus as market participants look for confirmation of whether the softer Fed stance reflects deteriorating labor market conditions or simply a tactical policy pivot. Currency traders, especially those active in EUR/USD, should prepare for heightened volatility during the US session as the employment report could either reinforce or reverse the euro’s current momentum.

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FXnCO Insight

** Traders should tighten stops on long EUR/USD positions ahead of the US jobs release, as stronger-than-expected employment data could quickly erase these modest euro gains and trigger a sharp dollar rebound.

Source: FXStreet