The US dollar bounced from its weekly minimums of 98.35, since China’s media reported a call among the US president, Donald Trump, and the president of China, Xi Jinping. Both parties mentioned that the call was good and focused on commercial policies and rare metals. The looks focus on the non -agricultural payroll figures in May, which is expected to show a slowdown in the US labor market.
This is what you have to observe on Friday, June 6:
The American dollar index (DXY) remained down during the Asian and European sessions. However, an improvement in appetite due to risk due to the relaxation of tensions between the US and China limited the fall of the DXY, which is now around 98.75, practically unchanged. On Friday the non -agricultural payroll figures are expected to decrease in May from 177K in April. Additional data suggest that the unemployment rate and average earnings per hour are expected to remain unchanged compared to the figures of the previous month.
The EUR/USD was driven and seems to be ready to close Thursday’s session above 1,1400, since the ECB cut rates and suggested that the relaxation cycle could be paused. The agenda will include retail sales data and Gross Domestic Product (GDP) for the Eurozone (EU), followed by the trade balance and industrial production of Germany. The operators will also evaluate the speech of the president of the ECB, Lagarde.
The GBP/USD reached a new three years in 1,3616 on Thursday before going back something, driven by the United Kingdom’s commercial agreement with the US, which maintained tariffs on products from the United Kingdom by 25%, while Trump doubled 50% tariffs for the rest of the world. The agenda will include the prices of Halifax housing, bond auctions and the speech of the BOE chief economist, Pill.
Although the USD/JPY resumed its upward trend over 143.50, the recovery seems compromised since the correlation with the 10 -year Treasury performance is still narrow. If operators recover 144.00, a new impulse is expected. The Japanese agenda will include expenses for all homes, exterior reserves and advanced indicators.
The AUD/USD rose and tested the monthly maximum of May 0.6537, but the movement was quickly rejected while the operators prepare for an absent economic agenda on Friday. The mood of the market participants would be the main engine for the torque.
Gold prices retreated while the bulls took a respite, although uncertainty about US commercial policies and growing geopolitical tensions could boost the prices of Xau/Usd up. Lagote prices are maintained above $ 3,300, which is considered a crucial support level during the last two weeks.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
