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The USD witnessed modest gains overnight.....>

DOLLAR: The USD witnessed modest gains overnight ahead of today's key NFP
release. The DXY lifts to 95.85 and will be looking to reclaim the 96.00 level,
before challenging yesterday's highs at 96.12. It's also worth noting on the
seasonality charts that the DXY has registered gains in October for the last 4
years straight, currently +0.74%. The US 10-Yr remains at elevated levels,
holding either side of 3.19%, while gold is struggling to build momentum above
$1200, last $1198.35. EURUSD has so far managed to hold $1.1500, USDJPY briefly
made a show back above Y114.00, while AUD & NZD extended declines to post fresh
ytd lows at $0.7062/0.6463 respectively. NFP's are forecast to rise by 182,000
in September after a stronger-than-expected 201,000 rise in August. The effects
of Hurricane Florence may be limited because it occurred very late in the survey
week. The unemployment rate is expected to slip to 3.8% after staying at 3.9% in
August after rounding. Hourly earnings are forecast to rise by 0.3% after solid
gains in the previous two months, but a 0.5% gain in September 2017 due the
hurricanes that month should reduce the year/year rate this year. The average
workweek is expected to hold steady for another month at 34.5 hours.

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