The U.S. Dollar closed Friday’s session moderately higher as jobs rebounded more than expected in March, relieving some concerns about a slowing economy.
In other news, China said there’s new progress in trade talks with the U.S. as the two sides prepare to resume negotiations next week to try to secure a deal that would end the tariff battle that has cast a shadow over global markets.
The U.S. Dollar Index which measures the strength of Greenback against a basket of six major currencies advanced and finished the session at 97.01.
Over in Europe, the single currency fell against a stronger U.S. Dollar. Later in the week, German manufacturing data unexpectedly contracted by the most since 2009. EURUSD closed the session at 1.12149.
Meanwhile, the Sterling fell against the U.S. Dollar after Prime Minister Theresa May request for a Brexit extension increased market tension over the latest drama in British politics. GBPUSD closed the session at 1.30353.
Regarding Safe-havens, the Swiss Franc declined against the U.S. Dollar to settle at 1.00008 USDCHF. Similarly, the Japanese Yen fell against the Greenback to settle at 111.716 USDJPY.
Gold prices closed lower on Friday against stronger U.S. Dollar boosted by solid economic data indicating a rebound in jobs growth in the United States. The precious metal closed the session at 1291.25.
Meanwhile, the Canadian dollar weakened against its U.S. counterpart due to economic data showing an unpredicted decline in jobs, which diminished the Bank of Canada prospects of turning more optimistic on the economy. The USDCAD closed the session at 1.33819.
Over in Asia, the Aussie Dollar was lower against the Greenback and ended Friday’s session at 0.71043 AUDUSD.
Cryptocurrencies were higher on Friday’s session. Bitcoin, Ethereum, and Litecoin surged to settle at 4982.4 BTCUSD, 161.82 ETHUSD, and 85.62 LTCUSD respectively.
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