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US Dollar is Bid Ahead of Jobs Report
The dovish response to news that Lagarde was nominated to replace Draghi was extended by the dismal German factory order report that has pushed the euro to new two-week lows and kept bond yields near record lows. The focus ahead of the weekend is squarely on the US employment data, where a second consecutive poor report will fan expectations for a large Fed cut to initiate an easing cycle. The large markets in Asia Pacific, including, China, Japan, Korea, Taiwan, and Australia edged higher. India and most of the smaller bourses slipped. After setting the year's high yesterday, Europe's Dow Jones Stoxx 600 is ... (full story)