The Euro is trading at 1.0867 at this writing.  The low has traded at 1.0854 while the high has traded at 1.0933.  The Euro has softened against the US Dollar today as the markets look to take a breather from the recent volatility seen as a result of the Chinese devaluing the Yuan.  The Euro is poised near its low of the day as traders await critical US jobs data scheduled for release later this morning.  Earlier, German Industrial Production was worse than expected registering -0.3% while the German Trade Balance recorded a surplus of 19.7 billion Euros which is less than expected.  The French Industrial Production is worse than expected as well with -0.9% registered.  Meanwhile, the French Trade Balance reported a larger deficit than expected of -4.6 billion Euros.  This data has possibly helped the Dollar recover some of the ground it recently lost to the Euro.  Investors are anxiously looking forward to the US jobs data which will most likely see the currency markets make another directional move which typically follows the release of this data.  Another positive number that beats expectations will likely see the Dollar rally with the other major currencies losing support.  This would also indicate a strengthening US economy which is what the Fed will be hoping to see given the recent rate hike.

The British Pound is trading at 1.4583 at the moment.  Sterling has traded as low as 1.4578 while the high has traded at 1.4644.  Cable is trading inside the range at this point as investors await the US jobs numbers.  Despite the UK Trade Balance reporting a deficit that is slightly bigger than expected of -10.6 billion Pounds, investors will remain vigilant and ready to capitalize on any directional movement once the US jobs data is released.  Anything lower than expected will likely see Cable advance to recover some of the ground it has lost earlier this week.  Yet investors will be ready to move if the numbers continue with a positive US bias once again.  US Non-Farm payrolls are expected to be 203K which will reflect consistency in the US job market as it continually improves.  The Fed will be particularly interested in seeing this number at least meet expectations to ensure the recent rate hike has not interrupted the positive progress that has been made in the US employment picture.

The Japanese Yen is trading at 118.31 at present.  USD/JPY has traded as low as 117.50 while the high has traded at 118.59.  The Yen has eased versus the Dollar today as the Peoples Bank of China halted their easing of the Yuan which helped encourage recent support for the Yen as a safe haven.  Additionally, Japanese Average Cash Earnings were lower than expected registering 0.0%.  Japanese Leading Indicators met expectations with 103.9% recorded.  This data combined with Chinese central bank action has turned support in favor of the Dollar ahead of the US jobs data which will be the data most investors will be interested in as the trading week draws to a close.  This information usually causes some form of directional interest in the currencies to follow its release and today will likely reveal similar actions taken by investors.
AUD/USD is trading at 0.7018 with the low trading at 0.7002 and the high trading at 0.7076.
USD/CAD is trading at 1.4102 with the low trading at 1.4057 and the high trading at 1.4127.
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This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information.