Judgment day is upon us, the Jobs report will be out today in a few hours, as the financial markets still believe a rate cut is still eligible and it will come down to the jobs report to diminish those expectations, yesterday the BoE surprisingly cut their benchmark interest rates by a quarter basis points, while the ECB maintained their 4.00% for now yet a hawkish statement followed the decision giving the Euro the needed momentum to incline back again against the U.S Dollar, while today's jobs report will most probably give us some hints about the whereabouts of the Fed's rate decision.
The Euro recorded a high of1.4659 early this morning declining afterwards to set a low of 1.4601.
The Pound also recorded its highest early this morning at 2.0284 dropping after that to record a low of 2.0220.
The U.S Dollar continued to impress the Japanese Yen, as the pair rose to the 111 level once again; the USD/JPY pair recorded a high of 111.45 and a low of 111.17 in thin trading so far.
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