Dollar in Range, Employment Data in Focus

Dollar is staying in familiar range as traders are awaiting the closely watched Non-Farm Payroll report from US today. After all the market moving events this week, markets are still indecisive on giving the greenback a breakout from recent consolidations. While gold reached as high as 999.5 yesterday, commodities are generally soft with CRB index staying below 250 level while crude oil also stays below 70. VIX also dropped sharply yesterday after spiking to 29.57 on Wednesday with recovery in global stocks. The NFP would be the determining factor in the long awaited breakout

courtesy - action forex