Watch Market Updates Ahead of US NFP Data!

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 The US dollar remained trading steady in the European session, as markets headed for the release of the US NFP jobs report.


Against most major currencies, the dollar index traded around 101.90 after rebounding from a 9-month low hit on Thursday of 100.82.


The giant's currency had earlier dropped significantly following the dovish statement offered by the Federal Reserve (Fed) after raising rates more slowly by 25 basis points.


Meanwhile, the euro traded slightly higher around 1.0930 against the USD after slipping lower on Thursday.



The currency failed to capitalize on hawkish comments from the European Central Bank (ECB) which indicated it would continue to raise interest rates by 50 basis points at its March meeting.


Meanwhile, the pound fell to a 2-week low against the greenback as investors interpreted the Bank of England's (BOE) statement as dovish, with rate hikes likely to end soon.


On the other hand, the Aussie and New Zealand dollars continued to hover around the same price after falling low following the rise of the US dollar in the previous session.


The Canadian dollar also fell slightly against the US dollar amid continued weakness in crude oil trading.


Tonight's NFP jobs report will close the trading curtain this week which may trigger more aggressive price movements especially the US dollar.

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