Nonfarm Payrolls Preview: Dollar’s possible reaction to different scenarios

The greenback heads onto the release strengthening against most major rivals. Volatility has been contained these days but seems the result of the doom and gloom leaving investors out of options, according to Valeria Bednarik, a Chief Analyst at FXStreet.

Key quotes

“The Sterling Pound is being the most resilient to dollar-related news for quite some time, and it’s back to such behavior, which means GBP/USD may be the less interesting pair to trade.”

“The EUR/USD pair is at risk of extending its slump toward the year low at 1.0635. It may not reach it with the NFP release, but it seems unlikely than a discouraging report could be enough to flip the dominant trend.”

“The Aussie seems poised to continue falling, although the Japanese yen has room to appreciate against its American rival.”