Filed Under:
Forex pairs in this Article » EUR/USD, USD/CHF, GBP/USD, USD/JPY
FXstreet.com (Córdoba) - The USD trades mixed on Friday, stronger versus the EUR and the GBP but weaker versus commodity currencies and the yen ahead of the key event of the week, the US nonfarm payrolls.

The NFP are seen as an important driver for whether the Federal Reserve will announce a roll back in its bond purchases at its Sep 17-18 meeting. Economists expect the US economy to add 180,000 new jobs in August, up from 162,000 in July. The unemployment rate is forecast to stay unchanged at 7.4%, the lowest since 2008.

EUR/USD extended its decline but managed to hold above 1.3100, even after the disappointing German Industrial Production data. GBP/USD dipped back below 1.5600 to a low of 1.5565, while USD/JPY was unable to hold above 100.00 and fell back to the 99.60 area.

Currencies linked to commodities, such as the CAD, AUD and NZD are outperforming, trading at daily highs ahead of the jobs report.

Main Headlines in Europe:

Germany: Trade surplus narrows against expectations in July

Switzerland: Industrial Production falls 1.1% in Q2

Global equities edge higher, USD sees general retreat across board

UK: Goods Trade deficit widens to £9.853B in July

UK: Annual Industrial Production slides 1.6% in July

Moody´s changes outlook on Germany's banks to stable

Markets and Bonds on a positive momentum ahead of NFP release

Germany: Industrial Production drops 1.7% in July

Cyprus parliament approves bailout legislation
comments powered by Disqus