Forex Today: Markets turn cautious, all eyes on US NFP data

Forex Today: Markets turn cautious, all eyes on US NFP data

Here is what you need to know on Friday, April 3: The US Dollar (USD) holds positive ground around 100.00 heading into the European trading session. Trading volumes are likely to be thin due to the Good Friday holiday. Markets might turn cautious ahead of the key US employment report for March. Traders expected the Nonfarm Payrolls […]

USD/CAD holds gains above 1.3900 with all eyes on US jobs data

USD/CAD holds gains above 1.3900 with all eyes on US jobs data

The US Dollar (USD) keeps the upper hand against its Canadian counterpart on Friday, trading near 1.3925 at the moment of writing, with the 1.3966 year-to-date high at a relatively short distance. The pair is on track for its third consecutive weekly rally, with the Canadian Dollar (CAD) weighed by the risk-off sentiment stemming from […]

Japanese Yen struggles due to BoJ’s rate hike uncertainty

Japanese Yen struggles due to BoJ’s rate hike uncertainty

USD/JPY remains in the positive territory for the third successive day after registering over 0.5% gains on Thursday, currently trading around 159.60 during the Asian hours on Friday. However, the pair moves little due to thin trading activity amid the Good Friday holiday. The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) […]