EUR/USD FLIRTS WITH 3-DAY HIGHS AROUND 1.0600 AHEAD OF US PAYROLL

EUR/USD adds to Thursday’s advance and hovers around 1.0600.

ECB’s Panetta, McCaul, Lagarde speak later in the session.

Markets’ attention remains on the release of US NFP.

EUR/USD advances to 3-day highs just above 1.0600 the figure amidst some tepid selling pressure around the greenback on Friday.

EUR/USD looks at USD, Payrolls

EUR/USD extends further the bounce off multi-week lows recorded in the wake of Powell’s first testimony on Tuesday and pierces the 1.0600 barrier at the end of the week.

In fact, the renewed offered bias in the greenback forced the USD Index (DXY) to give away part of the recent upside in tandem with the loss of traction in US yields across the curve and dwindling bets of a half percentage point interest rate hike by the Fed at the March 22 meeting.

Moving forward, the release of February’s Non-farm Payrolls has been growing in importance as of late and will be the salient event later in the NA session.

Closer to home, ECB’s F. Panetta, E. McCaul and Chair C. Lagarde are all due to speak. Earlier in the session, final inflation figures in Germany showed the CPI rising 8.7% in the year to February and 0.8% from a month earlier.