It’s been fairly busy overnight, with the USD seeing across the board losses as the market squares up ahead of this afternoons non farm payroll/unemployment releases due out at 13:30 GMT. There have been murmurings that non farm payrolls could be as bad as -1 million. Funnily enough that was going to be my quess (eh considered forecast) for the crappy t-shirt competition!!! EUR/USD having closed out around 1.2560 in Europe Thursday is presently up at 1.2700, while USD/CHF has slumped to 1.1505 from around 1.1730.
Not much on economic release front this morning:
- 08:15 GMT: Swiss CPI (Feb) expected flat both m/m and y/y.
- 09:30 GMT: UK producer prices (Feb) input +0.2% m/m, +1.1% y/y, output +0.1% m/m, +3.1% y/y.
