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  • Business

    Dollar Edges Lower; April Payrolls Data in Focus

    EUR/USD traded largely flat at 1.2060, having gained 0.5% Thursday, USD/JPY rose 0.1% to 109.16, the risk-sensitive AUD/USD fell 0.2% to 0.7766, while USD/CAD rose 0.2% to 1.2176, having fallen to a 3-1/2-year low of 1.2145 overnight, helped by the Bank of Canada's recent tapering of its asset purchases and its shift to more hawkish guidance. Elsewhere, GBP/USD rose 0.1% to 1.3902, with sterling struggling to post any serious gains despite the Bank of England slowing the pace of its bond-purchasing program at its meeting Thursday.

  • Business

    European Stock Futures Edge Higher; U.S. Payrolls Loom Large

    European stock markets are seen edging higher at the open Friday, boosted by strong trade data out of China but with investors cautious ahead of the key monthly U.S. employment report. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed 0.1% and the FTSE 100 futures contract in the U.K. rose 0.2%. Stock markets have climbed to record levels of late--the blue chip Dow Jones Industrial Average closed at an all-time high on Wall Street on Thursday--as economic data has pointed to a strong global recovery.