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USD inches higher but market wary ahead of....>

FOREX
FOREX: USD inches higher but market wary ahead of NFPs
-The USD index crept higher Thursday, but the week's best levels never really
looked under threat as traders remain cautious ahead of the March nonfarm
payrolls release. Particular caution may be warranted this month following the
surprisingly poor headline payrolls release last month, which saw just 20k jobs
added. This Friday's figure is expected at 178k with AHE expected to slow to
0.3% M/M. Early reports on Trump setting a date to meet his Chinese counterparts
were denied, leaving markets with few risk signals and prompting many DMFX to
trade sideways.
-GBP was the poorest performer Thursday despite little new news on Brexit.
Sentiment evaporated throughout US trading hours as markets yet again were
provided with no new information on what the UK relationship will be with the EU
in just a few weeks' time. GBP/USD retreated back below the $1.31 mark but still
well clear of 200-dma support at $1.2975.
-Other than the US jobs report, the Canadian equivalent and German industrial
production are due. Fed's Bostic is the sole speaker Friday.

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