6 Mar 2015
Session Recap: USD extends the rally, NFP eyed
FXStreet (Edinburgh) - The greenback continues its march north almost unabated on Friday, lifting the US Dollar Index (DXY) to fresh highs in over a decade, and in turn confining the riskier assets to challenge lower levels. The euro is trading in levels last seen in September 2003 around 1.0940/30 with high chances of seen further supports breached in case of a positive surprise from the US Payrolls in February.
Continuing in the G10 space, the sterling quickly breached below the 1.5200 key support and seems to have found support around 1.5160. In addition, the greenback is clinging to the area of 120.00 against the Japanese yen, with the area of 120.40/50 still remaining elusive for USD bulls.
Ahead in the day, US Non-farm Payrolls will be the main highlight today. Consensus expects the US economy to have added 240K jobs during February vs. January’s 257K.
Continuing in the G10 space, the sterling quickly breached below the 1.5200 key support and seems to have found support around 1.5160. In addition, the greenback is clinging to the area of 120.00 against the Japanese yen, with the area of 120.40/50 still remaining elusive for USD bulls.
Ahead in the day, US Non-farm Payrolls will be the main highlight today. Consensus expects the US economy to have added 240K jobs during February vs. January’s 257K.