Greenback Marginally Pressured, NFP In View

The greenback is marginally pressured in the Asian session on Friday, higher US equity futures and firmer regional equities have seen risk sentiment firm and the USD tick marginally lower.

• The AUD is the strongest performer in the G-10 space at the margins. AUD/USD sits at $0.6570/75, ~0.3% higher. China scrapped tariffs on Australian barley facilitating a brief extension of gains before ticking away from session highs. Resistance is at $0.6630, the high from Aug 2, support comes in at $0.6514 (Aug 3 low).
• Kiwi is ~0.2% firmer, NZD/USD sits at $0.6090/95. The pair has not yet been able to breach the $0.61 handle as it consolidates early gains on Friday.
• Yen is a touch firmer however USD/JPY has observed narrow ranges for the most part of today's session.
• Elsewhere in G-10 GBP is ~0.2% firmer and EUR is up ~0.1%.
• Cross asset wise; US equity futures are firmer after Amazon gained 10% in post market trade following a bullish revenue forecast. E-minis are up ~0.3% and NASDAQ futures are up ~0.5%. The Hang Seng is up ~1%. BBDXY is down ~0.1% and the US Tsy curve is marginally flatter.
• The highlight of today's session is the July NFP print, the MNI preview is here.