• EUR/USD stumbled and headed to the 1.0830s area after printing a weekly high at 1.0929.
• US jobs data suggests that the US Federal Reserve is not done raising rates.
• European Central Bank policymakers continue to emphasize that more hikes are coming.

EUR/USD hit a seven-week high but reversed its course, dropping below 1.0900 as the US Dollar (USD) pared some of its earlier losses. On Wednesday, the US Federal Reserve (Fed) raised rates by 25 bps, though market participants perceived it as dovish. That underpinned the EUR/USD, but traders booking profits weakened the Euro (EUR). The EUR/USD is trading at 1.0835, down 0.17%.