Trading Friday largely remained flat, as investors are eagerly awaiting the critical U.S. Non-Farm Payrolls data scheduled to be released at 13:30 GMT. With most economists predicting American job losses for the month of October to be in the range of 175,000, all eyes are on whether the U.S. unemployment rate will cross the 10% mark. If the unemployment numbers come in as predicted, traders can expect the greenback to fall against most major currencies.
Predictions indicate that following the release of the U.S. jobs report, the Yen will more then likely fall in trading, as investors turn to riskier currencies. Consequently, traders may expect that the Euro and Aussie will make gains in the near future.