Pessimism over the economy was tempered and risk sentiment improved.
USD: San Francisco Fed President Williams and Boston President Eric Rosengren said that the Fed should end QE as planned at this month.
EUR/USD: on the upside in the area of $1.2760, but below last week’s high at $1.2886.
GBP/USD trades unchanged at $1.6100.
USD/JPY gapped higher at 107.20, Nikkei up as GPIF will lift ratio of domestic stocks to about 25%.
AUD/USD up to $0.8787: China announced its intention to inject $33B of 3-month loans into banks.
NZD/USD up by 40 pips to $0.7960.
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GBP/USD advances to 1.2550, all eyes on US NFP data
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US NFP Forecast: Nonfarm Payrolls gains expected to cool in April
The NFP report is expected to show that the US economy added 243,000 jobs last month, sharply lower than the 303,000 job creation seen in March. The Unemployment Rate is set to stay unchanged at 3.8% in the same period.