USD Solidifies Gains From Thursday

The Dollar is consolidating gains made against the EUR on Thursday. The EUR currency is holding a range of 1.4343-73 since the Tokyo open, after dropping below the recent pivotal range that has kept the EUR-USD contained around 1.4400 for most the week. Traders are unwilling to take large positions ahead of the U.S. jobs data and even yesterday’s moves were said to be on limited liquidity. For EUR-USD, offers are tipped at 1.4380 to 1.4400 with bids at 1.4280-1.4300. Similarly, GBP-USD, which held in a range roughly around 1.6900-1.7000 levels has dropped below 1.6800 in the wake of the BOE decision to add liquidity with good sellers now at 1.6850. USD-JPY remains in the broad 94-96 range, with price action dictated by numerous strikes around 95.00. A range of 95.24-95.53 has emerged since the Tokyo open with sellers at 95.80 to 96.00 reported and buyers at 94.80-95.00. USD-CAD remains near the top of the weeks’ range, near 1.0800 at 1.7068. AUD and NZD did not succumb to weakness seen in EUR and GBP and still hold the recent gains with AUD pivoting around 0.8400 at 0.8381 and good offers reported at 0.8500. NZD-USD continues to find good support on dips under 0.6700 but sellers ahead of 0.6800 and trades at 0.6712.