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The euro US dollar exchange rate is trading without a clear direction this morning ahead of market moving US employment data.
The unemployment rate fell unexpectedly to 3.8%, marking the 26th straight month below 4% - the longest such run since the 1960s - and prompting Richmond Fed President Thomas Barkin to remark: "That's a quite-strong jobs report." Rising gasoline and shelter costs contributed the bulk of the CPI increase.
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen late in the previous session.
The Pound Sterling (GBP) failed to sustain the bounce against the US Dollar (USD), as the GBP/USD pair lost upside momentum once again when it tried to reach 1.2700.
Gold prices shrugged off strong US jobs data and hawkish Fed comments on Dollar interest rates Friday to record the 6th new all-time high in 6 trading days in London, shooting to $2320 per Troy ounce amid worsening geopolitics between Russia-Nato and between Iran-Israel