Don't Forget To Trade In The New York Session Tonight!

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 The US dollar continued to hold on to gains, hovering around six-month highs against major currencies in the European session.


Against most major currencies, the dollar index, which measures the strength of the greenback, traded firmly at 105.00.


The currency king is on track for its longest streak of weekly gains in nine years, supported by resilient US economic data.


Meanwhile, the yuan plunged to its lowest level since 2007, weakened by China's dismal economy.


The strengthening of the greenback continued to pressure the major currency to be stuck at the lowest level.



The euro fell below 1.0700 for the first time in three months, while the pound slipped below 1.2500 against the greenback.


On the other hand, the Aussie and New Zealand dollars were seen rising on Friday, trying to bounce back from 10-month lows against the US dollar.


Both currencies took advantage of the greenback's weakness in the previous Asian session, before capping those gains in the European session.


Meanwhile, the Canadian dollar slipped to its weakest level in six months against the US dollar as market focus turned to the release of Canadian jobs data tonight.


The yen, meanwhile, remained struggling at a 10-month low, after some Japanese authorities began to hint indirectly at intervening in the currency's volatile movements.

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