The Euro (EUR) was extremely volatile plummeting after the US data to the lower 1.4000 region before reversing above 1.4200 on strong EUR/JPY and risk appetite. February Unemployment rate fell to 9.9% vs. 10.0%. Overall the EUR/USD traded with a low of 1.4061 and a high of 1.4243 before closing the day around 1.4225 in the New York session. Looking ahead, February EU PPI forecast at 0.7% m/m vs. 1.5% m/m previously.
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