EUR/USD Soars After Disappointing US NFP Data

EUR/USD continues to maintain its upward momentum as it surged to the 1.0800 level in Friday's US trading session, reflecting the weakness of the US Dollar following weaker-than-expected Non-Farm Payrolls (NFP) data.

Meanwhile, the ISM Services Purchasing Managers Index (PMI) data for ISM services in April also fell short of expectations. This fuels expectations for an earlier interest rate cut from the Fed.