Session Recap: USD trims losses, limited impact from NFP

FXStreet (Córdoba) - On a low volatility American session, the US dollar consolidate modest daily gains, trimming part of yesterday's losses. The US employment report generated little impact among currencies: Greenback initially fell but then rebounded strongly.

Over the week the best performers were the Pound and the Australian Dollar. The GBP/USD ended the week above 1.6800, rebounding from 1.6700 while the AUD/USD, supported by 0.9200, was able to climbed back above 0.9300.

The Euro and the Swiss Franc surged on Thursday and consolidate on Friday, to end the week little changed. The EUR/USD ended hovering around 1.3640, at the same level it had a week ago, but far from Thursday’s lows that lie at 1.3502.

The Kiwi and the Aussie were supported by risk appetite and managed to closed the week with gains but still facing some downside pressure ahead of the RBNZ meeting and the Australian employment report.

Main headlines in the American session

USD/JPY giving us a bullish technical play

Wall Street rallied for third day

GBP/JPY post highest weekly close in a month

GBP/USD sustained uptrend in place

EUR/USD steady around 1.3635

NZD/USD testing downside ahead of dovish RBNZ prospects