| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:00 | Germany | Industrial Production s.a. (MoM) | May | 0.1% | 0.2% | -2.5% |
| 06:45 | France | Industrial Production, m/m | May | 0.6% | -0.5% | -2.1% |
| 09:00 | Eurozone | Retail Sales (MoM) | May | -0.2% | 0.2% | 0.1% |
USD depreciated against other major currencies in the European session on Friday as investors braced for the U.S. employment situation report for June, which could support the case for policy easing by the Federal Reserve in autumn.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, fell 0.18% from the previous close to 104.94.
The U.S. Labour Department will release its employment situation report for June at GMT. Economists expect the report will show the economy added 190,000 new jobs last month, down from 272,000 in May, while an unemployment rate remained unchanged at 4.0% and wages grew 3.9% YoY (the least in three years), easing from 4.1% YoY in May.
Cooler-than-expected employment situation report would reinforce the bets for a cut of the Fed’s interest rates in September.
According to CME FedWatch, markets see a 74.5-percent probability the Fed will lower interest rates by a quarter point at its September meeting.