Markets eye Canadian jobs data, with a modest October decline expected, while soft Chinese trade figures weigh on commodity currencies and USD/CAD upside, ING's FX analyst Chris Turner notes.
The Pound is gaining momentum on Friday, benefiting from Yen weakness following soft Japanese household spending data. The pair bounced from lows around 200.70 earlier in the day, but is struggling to break above the previous two days’ highs, in the area of 201.40.
The USD/JPY pair slumps to near 153.05 during the early Asian session on Friday. The US Dollar (USD) faces some selling pressure as the US government shutdown extends further, hitting a record with still no solution in sight.