It's NFP day. During the Asian session, Japan will release Labor Cash Earnings and the Leading Economic Index. The Reserve Bank of Australia will publ
ish the Financial Stability Review. Later in the day, Germany will release Factory Orders and Unemployment Rate. The US employment data will be the highlight event of the day. Here is what you need to know on Friday, October 6: The US Dollar dropped for the second consecutive day, but this move is still considered corrective, with no significant changes in fundamentals.
Japan's data due on Friday includes Labor Cash Earnings and the Coincident Index. USD/CHF continues to correct lower from monthly highs after failing to hold above 0.9200; it slid toward 0.9120. Switzerland will release Unemployment Rate and Foreign Reserves data. AUD/USD rose for the second consecutive day, rising above 0.6350. The pair seems poised to recover during the Asian session but faces resistance at 0.6375.
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