Antipodeans Soften In Thin Pre-NFP Trade

G10 FX held relatively tight ranges ahead of the U.S. NFP report, with Antipodean currencies underperforming their peers from the basket. A BBG trader source flagged AUD & NZD sales after a weaker PBoC fix, although China's central bank set its USD/CNY mid-point just a handful of pips above BBG median est. AUD/USD established itself under the 50-DMA breached yesterday as RBA Gov Lowe noted that interest rates will remain low for "quite a while yet." NZD/USD probed the water below its 50-DMA but failed to consolidate south of that moving average ahead of a long weekend in New Zealand.

• The fact that it was the thirteenth consecutive higher miss in the PBoC fix may have amplified pressure to the redback. USD/CNH advanced to new weekly highs, with bulls keeping an eye on the 50-DMA intersecting near the round figure of CNH6.5000.
• The DXY had a look above Thursday's low, printing a fresh two-month high. The index is on course for capping its second straight week of gains.
• The U.S. NFP report headlines today's economic docket, with U.S. trade balance, German factory orders, Canadian unemployment, Italian retail sales & Norwegian industrial output also due. Central bank speaker slate features BoE Gov Bailey & ECB Vice Pres de Guindos.