EUR: Euro heads for second week of losses against the dollar as non-farms looms

It’s a quiet day for European data releases and all eyes will be across the pond. The euro is trading just a few tenths of a percent above the low of the 3-month range. A concerted move below this level could open up the $1.20 handle, potentially eating into gains made on 12 Jan when speculation surrounding the tapering of the ECB’s asset purchase programme took centre stage.