The Greenback came under renewed and marked selling pressure amid uncertain price action in US yields and investors’ steady prudence ahead of the release of the crucial US labour market report on Friday.
Here is what you need to know on Friday, December 6: The US Dollar Index succumbed to fresh downside pressure and broke below the 106.00 support to challenge weekly lows. The Nonfarm Payrolls will be at the centre of the debate seconded by the Unemployment Rate and the advanced Michigan Consumer Sentiment. In addition, the Fed’s Bowman, Goolsbee, Hammack and Daly are all due to speak. EUR/USD rose to weekly tops and approached the key barrier at 1.0600 the figure.
USD/JPY faded part of the last couple of daily advances, breaching the key 150.00 support. Average Cash Earning will be unveiled in the Japanese docket along with Household Spending and the preliminary readings of the Coincident Index and the Leading Economic Index. AUD/USD finally saw some respite to the multi-week move lower, managing to reclaim the 0.6450 region. Home Loans and Investment Lending for Homes are next on tap Down Under.
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