EUR / USD dropped significantly await US NFP

EUR / USD dropped significantly in the trading session Tuesday night (3/11), amid anticipation of US NFP important data to be released Friday this week. Results employment report from the land of Uncle Sam will give further signals related to the decision by the Fed to raise short-term interest rates this year.
EUR / USD traded between 1.0937 and 1.1053 in yesterday's trading session, before finally ending at the position 1.0962, down 0.0053 points, or as much as 0:48%. Since October 20, Euro countless always closed lower against the USD in 9 trading sessions. In fact, the pair had ambles 2:05% during a massive sell-off on 22 October. Throughout the last month, the EUR was down as much as 2.1% against the Greenback. Meanwhile, the USD Index rose 0.3% to an intraday high at 97.57, before closing at 97.26.
NFP Projected Rise, Investors Still Reluctant
Broadly speaking, investors seem reluctant to take a step ahead of the NFP in October. The data is diekspektasikan rose to 190,000, far higher than the slight increase as much as 142,000 in the previous month. Economists also predict the unemployment rate fell 0.1% to 0.5%, and the average wage per hour grew by 0.2%. The Fed has already signaled that they will monitor the employment data to consider further policy measures.
Mario Draghi: ECB Ready to Act
On the other hand, ECB President Mario Draghi continues to send a strong signal about the possibility of the ECB to add stimulus at a meeting of board members in December. At a meeting last October, Draghi has indicated the prospect of further easing to support the rate of inflation.
"Program-asset purchase program is still running smoothly and continues to show positive results ..." said Draghi at the moment of the opening of the European Cultural Days in Frankfurt. He then added that, "While domestic demand is still strong, concerns on the potential of emerging markets and other external factors now creating a risk weighing on the outlook for growth and inflation."
The ECB president said if in this context, the degree of accommodation of monetary policy of the ECB need to be reanalyzed at a meeting in December. "The board members are willing and able to act with the utmost intstrumen there if that's what it takes to maintain the stability of monetary accommodation." he added.