Ahead of the European day on Friday, the EUR/USD is trading lower around 1.1300.
All eyes are on the US Non- Farm Payrolls report that is expected to be released later today. The Bureau of Labour Statistics will also release the Average Hourly Earnings and the Change Unemployment Rate reports, while traders of the US Dollar should also take into account the release of ISM Services PMI report.
Concerning the Euro currency, ECB president Christine Lagarde speech with the topic ‘‘Financing the Covid Recovery with new economic headwinds’’ is on focus today, while release of the European Service PMIs’, are important for traders of the major pair.
GBP/USD is hovering at 1.3300 during the first Asian session trade on Friday, having snapped a three-day decline.
Today the external member of Bank of England, Michael Saunders is expected to speak 11:00 UTC. The topic of the event is the outlook of inflation and monetary policy.
The USD/JPY is trading high above 113.00 region today, and was last seen trading at 113.420 around 10:30 UTC+2.
Jibun Bank’s Services PMI Final is released today, an index that tracks variables such as sales, employment, inventories and prices of over 400 private service companies based in Japan.
Heading to the European session early today, the AUD/USD pair remained low and is hovering around the 0.7052 region.
The NZD/USD remains low, hovering around the intraday low of 0.6786.
The USD/CAD is trading at the 1.2830 region the last hour with an intraday low at 1.2800.
However, traders have recently been probed by a cautious atmosphere ahead of significant US data. Important data will be release later today by Statistics Canada, such as the Employment Change and Unemployment Rates.
The USD/CHF pair has an 0.08% intraday loss around 0.9200, heading into Friday’s European session.
Investors of the Swissy should keep an eye on the Unemployment Rate release.
During Friday’s Asian session, WTI crude oil prices struggle to maintain the previous day’s recovery moves from late August around $67.00. The WTI/USD pair is currently trading above $68.00.
On Thursday, Gold (XAU/USD), fell to $1,761, its lowest level in a year before recovering to $1,770 early Friday.
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