FRANKFURT (dpa-AFX) – The euro was stable in early trading on Friday. In the morning, the common currency cost 1.0590 US dollars, about the same as the previous evening. The European Central Bank (ECB) set the reference rate a little lower on Thursday afternoon at $1.0554.
Friday is all about the US job market. In the afternoon, the government publishes its monthly jobs report. The numbers are eagerly awaited on the markets as they are of great importance for US monetary policy. From the Federal Reserve’s point of view, the low unemployment represents an additional risk of inflation because it makes high wage increases more likely. Especially since the high inflation has only fallen slowly recently./bgf/mis
