What you need to know on Friday, September 3:
The dollar remained under selling pressure as unimpressive US employment data anticipates a weak nonfarm payroll report, pushing away the announcement of a gradual decline in the US. The country added 750,000 new jobs in August, while the Unemployment Rate is forecast at 5.2%, better than the previous 5.4%.
Market participants anticipate a disappointing employment report in the US, which means that the optimistic figures may surprise investors and trigger a substantial rally in the dollar, as investors will return to the entry price soon to lower in the low prices. USA
Ahead of the event, the dollar is likely to remain weak, although range trading is expected during the Asian session.
EUR / USD is trading at new month-long highs around 1.1870, while GBP / USD settled around 1.3830 as the Brexit shortage undermines demand for the British pound.
Commodity-lined currencies rose. AUD / USD is trading around 0.7400, while USD / CAD tumbled to 1.2550, helped by firmer oil prices. WTI jumped above $ 70 a barrel amid rising expectations for demand, after the EIA report indicated so. Black gold closed at $ 69.75 a barrel.
Coronavirus: The Delta variant continues to ravage the United Kingdom, which reported more than 38,000 new cases in the last 24 hours and 178 new deaths. In the United States, the number of hospitalizations fell on Wednesday for the first time in months, but the country reported 24,630 new infections.
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