The European currency shows resilience

Early trading on Friday morning paints a picture of stability for the Euro, which has held firm and is being traded above the significant $1.07 mark. With a marginal increase from the previous evening, the common currency stands at an exchange rate of $1.0735. This marks a slight rise compared to the reference value of the European Central Bank (ECB), which was set at $1.0698 on Thursday afternoon. As the Euro consolidates its position, the eyes of the financial markets at the end of the week are on the United States. There, the focus is on the release of economic figures, with particular attention on the monthly employment report from the U.S. government in the afternoon. Experts anticipate consistently robust results in line with the experiences of a tight labor market and a trend towards rising wages. These factors are crucial for the ongoing reluctance of the U.S. Federal Reserve (Fed) to deviate from its current tight monetary policy. The report, by no means inferior, is seen as anticipation by the financial markets, which will interpret it in the context of global economic developments and the reactions of the world's largest central banks.