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EUR/USD up modestly on Friday, holds onto weekly gains
EUR/USD rose back above 1.0600 in the American session, boosted by risk appetite that weighed on the US Dollar. US stocks are up, heading toward weekly gains. Data from the US showed activity in the Service sector continued to expand at a robust pace in February; ahead of the NFP week, the Employment Index soared unexpectedly.
Equities push higher following ISM data
Stocks have continued their recovery, and seem to be adjusting to the idea of stronger economic data and higher rates, says Chris Beauchamp, chief market analyst at online trading platform IG.