NFP expected to rise by 60K in March as markets assess Fed rate path

NFP expected to rise by 60K in March as markets assess Fed rate path

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for March on Friday at 12:30 GMT.  Investors will scrutinize the underlying details of the employment report to assess whether the Federal Reserve (Fed) is likely to consider an interest-rate hike later in the year. Still, the immediate market […]

Australian Dollar gains traction ahead of US jobs report

Australian Dollar gains traction ahead of US jobs report

The AUD/USD pair gains ground near 0.6900 during the early European trading hours on Friday. Hawkish tone from the Reserve Bank of Australia (RBA) underpins the Australian Dollar (AUD) against the Greenback. Trading volumes are likely to be thin due to the Good Friday holiday. Traders will keep an eye on the US March jobs […]

NZD/USD declines to near 0.5700 on weak Chinese PMI, US NFP data looms

NZD/USD declines to near 0.5700 on weak Chinese PMI, US NFP data looms

The NZD/USD pair extends the decline to a near four-month low around 0.5710 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) softens against the US Dollar (USD) on the downbeat Chinese economic data and heightened geopolitical tensions in the Middle East. Trading volumes are likely to be thin due to the […]