If you look at the G10 exchange rate movements since October 24 (since the publication of the euro area PMIs), it is striking that, on the one hand, the Euro has been by far the best-performing currency, but on the other hand, it has been the currency that contributed least to the volatility of G10 exchange rates, Commerzbank’s Head of FX and Commodity Research Ulrich Leuchtmann notes.
The US Dollar has pared some of the recent losses favoured by a cautious market mood ahead of the NFP report.
China's Caixin Manufacturing Purchasing Managers' Index (PMI) jumped to 50.3 in October after recording 49.3 in September, the latest data showed on Friday.