While the aussie is the laggard among the major currencies bloc
It's all about the US jobs report today and so far the dollar is holding steady as markets are waiting on further clues to gauge dollar sentiment following the dovish Fed tones seen on Wednesday. Equities sentiment is also rather mixed as US equity futures remain near flat levels on the day and that kind of sluggishness is likely to carry over to European trading as well.
The aussie is the weakest performing major currency on the day so far after inching lower as Chinese manufacturing PMI figures slumped to near three-year lows. The yuan has also slumped further on the day and that's not really helping with sentiment in the currency either.
The loonie is also holding a bit weaker despite oil prices remaining flat so far, with USD/CAD backing off a test of the 200-day moving average as highlighted here.
Looking ahead, expect markets to continue to sit tight ahead of the US jobs report as there won't be much on the session to really shake things up. In terms of economic data releases, we'll have a slew of manufacturing PMI prints as well as Eurozone January flash CPI figures to come.
