Daily FX Update

The USD is broadly weaker as investors anticipate soft US employment data, while G10 peers like the JPY and AUD gain on domestic catalysts.

Key Takeaways

• 1.USD is softening for a fourth consecutive day as market participants position for a potentially weak January Non-Farm Payrolls report.
• 2.The JPY and AUD are outperforming, driven by post-election relief and hawkish central bank rhetoric respectively.
• 3.The CAD is gaining on broad USD weakness but faces volatility from rumors regarding President Trump's stance on the USMCA.

Table of Contents

• Overview
• USD Softer Ahead of Jobs Data
• USDCAD (1.3508)
• EURUSD (1.1911)
• GBPUSD (1.3695)
• USDJPY (153.46)
• TODAY'S CALENDAR

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