Currency moves muted ahead of holiday.
In light trading, commodity-linked currencies are trading stronger as risk appetite supports optimism of a global recovery. US jobless claims unexpectedly rose last week. Australian and Hong Kong markets are closed for Good Friday. In the US, the stock markets are closed, and the bond and FX markets are open.
April 2, 2021
EUR/USD 1.1756 GBP/USD 1.3822 USD/CAD 1.2555 AUD/USD 0.7607 USD/JPY 110.70 USD/CNH 6.5757 USD/ILS 3.3290 USD/MXN 20.3110 USD/CHF 0.9423 USD/INR 73.3250 USD/BRL 5.7100 USD/SGD 1.3453 USD/DKK 6.3250 USD/SEK 8.7300 USD/NOK 8.5375
USDUS released data showing the Change in Nonfarm Payrolls was 916k vs. 660k expected, the US dollar remains largely unchanged.GBP
Sterling remains largely unchanged after finishing its best quarter versus the euro since 2015. The UK pound was supported by the successful vaccine rollout in Britain.EUREUR/USD extends losses hitting fresh lows for the day of 1.1749. The common currency remains under pressure over EU Covid-related lockdowns.CAD
USD/CAD trading slightly higher following weak jobs data out of the US. Risk appetite associated with hope for global recovery and trading ahead of the holiday weekend has muted the move higher.ASIA/PACIFIC
USD/JPY remains largely unchanged, and is on track for a gain of around 0.8% for the week. Both the New Zealand Dollar and Australian dollar are trading higher on optimism of a global recovery.
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