Filed Under:
Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY
FXstreet.com (Córdoba) - The FX market remains in consolidation Friday after wild moves seen the previous day in the wake of the ECB surprising rate cut and a strong US GDP reading and ahead of the nonfarm payrolls figures.

The EUR/USD has traded in a slim range, falling briefly below 1.3400 after the French downgrade by S&P. The GBP/USD fell to daily lows at the 1.6060 area weighed by disappointing trade balance data. USD/JPY was little changed around 98.20 while AUD/USD failed to recover above 0.9480 and erased daily gains.

During the New York session, focus will be on the US nonfarm payrolls with analysts forecasting a 125K gain in October. Also watch for US personal income, consumer spending, core PCE prices, Reuters/Michigan Consumer Sentiment.

Main Headlines in Europe:


S&P downgrades France to AA from AA+, outlook stable

Switzerland: Unemployment Rate at 3.2% in October

Germany: Trade surplus widens against expectations in September

Morning outlook: Focus on non-farms, euro remains under pressure

Switzerland: Real Retail Sales rise by 1% in September

EMU: Construction Output at 1.7% in Q3
comments powered by Disqus