Markets are anticipating a reasonably strong nonfarm payroll release of 240k, while oil markets are stable for the second consecutive day, providing a slight easing in risk aversion. The USD is mixed, with the majors of GBP, EUR and JPY all outperforming but several other currencies soft. The broad trend is still USD strength, but markets are hesitant leading into the release of nonfarms.
Read the full report: FX Daily