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EUR/USD loses post-payrolls gains in risk rethink
The dollar index rallied back from losses on Friday as rebounding Treasury yields ahead of the long Labor Day weekend took the sting out of a jobs report that suggested diminished inflationary pressures . Though the non-farm payrolls report revealed a workforce that could loosen the drum-tight labor market , investors appeared reluctant to push Treasury yields too low in the face of accelerating quantitative tightening and the Fed's pledge to tighten regardless of higher joblessness. The initial risk-on response to the goldilocks U.S. employment data boosted the risk-sensitive EUR/USD to a 1.00335 high on EBS before ... (full story)