AUD/USD failed to close above it’s 200 day moving average (0.7698) so there is a little downside risk to the currency this week. Particularly so if the RBA tomorrow shy away from any hawkish chat.
EUR/USD rose to weekly high 1.1690 in the minutes after the jobs report amid broad USD selling. EUR gains were stymied by offers ahead of 1.1700 that have been in place for much of the week, some of which were tied to options that expired today.
USD/JPY rebounded to a fresh daily high at 114.43 in recent trading, erasing its drop to 113.64 after the jobs report, near Thursday’s low reached after tax reform details were released.
GBP/USD reversed an early drop to trade as high as 1.3132 before paring gains, halting a steep slide that began after the Bank of England raised rates Thursday while signaling that future rate hikes may be a long way off.