Page 11 - Urrencies News Today

The Australian Dollar posted solid gains of more than 0.30% on Thursday against the Greenback after economic data from the United States (US) indicated the labor market is cooling.

Here is what you need to know on Friday, April 5: The US Dollar (USD) holds steady on Friday, with the USD Index staying in positive territory above 104.00 after falling below that level for the first time in two weeks on Thursday.

Hawkish commentary from Fed officials added to anxiety ahead of the crucial labor market update from the U.S. on Friday..

Towards the end of the week, the US Dollar (USD) managed to regain balance, reversing a three-day negative streak and reclaiming the area beyond the 104.00 barrier when gauged by the US Dollar Index (DXY).

Canadian Dollar drops for second consecutive day amid higher US Dollar.

The NZD/USD was trading around the 0.6000 zone during Wednesday's session, reflecting an increase of 0.55%.

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The EUR/USD pair attracts some buyers for the third successive day on Thursday and climbs to a one-and-half-week top, closer to mid-1.0800s during the Asian session.

Another marked drop in the Greenback favoured a strong advance in EUR/USD, which managed to not only trespass the 1.0800 yardstick, but also flirt with the critical 200-day SMA in the 1.0830-10840 band on Wednesday.

Renewed rate cut hopes triggered by the unexpected decline in services PMI in the U.S. supported market sentiment despite lingering anxiety ahead of the crucial job market update and cautious statements from Fed officials.