EUR-USD has rallied above 1.0800 to a peak of 1.0844, pressing against Tuesday’s high at 1.0845 before settling around 1.0825-30. Stops were a factor as the market positions for tomorrow’s U.S. jobs report, especially with European markets being closed for the Good Friday holiday and with the speculative market running an extreme net short exposure to the euro. EUR-USD’s rise came as the dollar’s yield advantage over the euro dipped back below 170 bp after peaking near 178 bp earlier in the week, with markets pricing in risk that tomorrow’s March U.S.