EUR/USD is trading around 1.1250, pressured amid concerns about the spread of coronavirus in the US. Traders are digesting the upbeat Non-Farm Payrolls figures already out ahead of the long US weekend.
Price action has been slow on Friday due to the bank holiday in the US as the nation celebrates independence day. This week has been an interesting one as there has been some good economic data but some very bad coronavirus news in the US.
Front-month WTI futures are trading lower on Friday, testing prices below $40 after rejection at $40.60 area on Thursday. Oil prices are losing ground with revived COVID-19 fears overshadowing positive macroeconomic data.