EUR/USD started to move sideways above 1.0850 midweek after posting strong gains on Tuesday. The pair's near-term technical outlook points to a bullis
in September climbed to 60% from around 50% the day before after this data. Meanwhile, the annual CPI in Spain increased 2.6% in August after rising 2.3% in July.
The US economic docket will feature ADP Employment Change for August. Employment in the private sector is expected to rise 195,000 following the impressive 324,000 increase recorded in July. A disappointing print at or below 150,000 could confirm the loss of momentum in the US labor market and trigger another bout of USD selloff, while another reading close to 300,000 could have the opposite impact on the currency's performance ahead of Friday's highly-anticipated August jobs report.
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