EUR/USD extends the erratic performance so far this week although always around the key 1.1300 neighbourhood and ahead of the critical release of US Nonfarm Payrolls for the month of December.
GBP/USD is trading close to 1.3550, preserving the Asian bounce amid a recovery in the risk sentiment. The US dollar tracks the yields lower ahead of the critical US NFP report. Brexit and coronavirus updates from the UK are eyed as well.
A positive risk tone undermined the safe-haven JPY and assisted USD/JPY to gain traction on Friday. Retreating US bond yields kept the USD bulls on the defensive and kept a lid on any further gains. Investors now look forward to the closely-watched US NFP report for some meaningful impetus.
AUD/USD struggled to preserve its modest intraday gains to 0.7175 – 0.7180 region. The Fed’s hawkish outlook acted as a tailwind for the USD and capped the pair. The market focus remains glued to Friday’s release of the US jobs report – NFP.
NZD/USD portrays a corrective pullback from short-term key support to 0.6750, up 0.12% intraday during early Friday.
The USD/CAD pair reversed an intraday dip and inched back closer to the daily high, around the 1.2720 – 1.2725 region during the early part of the European session.
USD/CHF consolidates recent gains around 0.9210, down 0.08% intraday while easing from a fortnight top marked the previous day.
WTI price eases off seven-week highs on easing concerns over supply disruption.
Gold languished near a two-week low amid a goodish rebound in the equity markets. Investors also seemed reluctant to place aggressive bets ahead of the US NFP report.
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