Volumes remain light ahead of the US....>

EURO-DOLLAR: Volumes remain light ahead of the US Jobs report.

- The European morning witnessed a very quiet session with FX major currency

pairs held to narrow range trade ahead of key US NFP data.

- Mild risk-off pressured in early trade with added weight from soft Spain &

Germany Services/Composite PMI data (Italy & France unchanged). EURUSD eased to

$1.1958 but failed to challenge yesterday's 3-month low ($1.1948).

- GBPJPY slipped back under Y148, targeting a move towards yesterday's low of

Y147.60. GBPUSD felt weight to hold near the base of its $1.3542-86 range. The

$1.3540/35 area provides key support which also holds the 200-dma.

- Commodity based currency pairs particularly suffered with weaker gold/copper

prices. NZD was the biggest G10 faller against the USD and looks set to

challenge a break of $0.7000. AUD pared post SoMP gains after a modest upgrade

to CPI estimates, last $0.7518. USDCAD trades just off its high at C$1.2877.

- CZK remained well supported following yesterday's hawkish hike remarks from

the CNB. Key support here at Czk25.430 from the 100-dma.

- Markets await NFP data at 1230GMT with main focus on the AHE component.