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EUR-USDFox Business | January 25th 2019
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Our events endpoint showcases headlines that are receiving high news coverage.
Oil Prices Rebound Amid Saudi Call for Output Cuts and Bearish Market Sentiment.US Labor Market Surprises with Strong Performance in NovemberUS Nonfarm Payrolls expected to accelerate slightly in November, boosting the US Dollar.Dollar Dives vs. Yen as BoJ Signals End to Negative Interest Rates, Yen Robust on Strong Wage Growth, NFP to Determine Dollar's PathGermany's November CPI in line with expectations.Japanese Yen Dominates as BoJ hopes prevail despite weaker GDP and FX scrutiny.
Despite calls for production cuts by Saudi Arabia and Russia, oil prices are facing their seventh consecutive weekly decline ahead of key events such as the US jobs report and decisions from the Federal Reserve. The decline is linked to basic supply and demand factors.