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The dollar is mildly weaker as we look towards European trading, with US futures keeping closer to flat levels for the most part today. E-minis are up 0.1% now following a mixed session overnight where the S&P 500 and Nasdaq gained, but the Dow fell.
Major currencies are little changed overall though, with ranges still keeping tighter for the most part. The loonie lags a little bit on the day but nothing too major as oil prices are keeping closer to flat levels just under $40 still.
Looking ahead, trading sentiment may be more tepid until we get to the US jobs report later today. We could see some choppy moves as such and even if non-farm payrolls is a lagging indicator, it is one that market participants will pay close attention to.
If anything, a more positive report can once again give dip buyers another point to keep looking at the glass half-full. But further out in the day, be wary of US coronavirus headlines once again as that will remain a key focus ahead of the long weekend.
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