EUR/USD continues the winning streak amid the geopolitical tension in the Middle East. The conflict could increase flows into the traditional safe-haven assets. Blockbuster US Nonfarm Payrolls supported the US Dollar . nday. The markets are closely monitoring the rekindled military conflict in the Middle East involving Palestine and Israel.
20 at the time of writing. The US Dollar experienced strength due to the blockbuster US Nonfarm Payrolls data released on Friday. US Treasury yields rebounded on the likelihood of the Federal Reserve to keep interest rates higher for a prolonged period. The 10-year US Treasury bond yield reached again the highest levels, standing at 4.80% by the press time. The jobs report showed an increase of 336K in September, surpassing the market expectation of 170K. The August’s reading was a revised 227K.