Forex forecasts and market outlooks

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EUR/USD: general analysis

Yesterday, the EUR/USD pair strengthened amid the publication of negative for the US economy ADP Nonfarm Employment data for June. The indicator went below the forecast, amounting to 2.365M against the forecast of 3.0M, which could adversely affect consumption and impede economic growth. Disturbing news about new outbreaks of coronavirus in individual states is also exerting pressure on the dollar.