US Dollar looks positive following the news impact. It is no surprise that American employers put in 315,000 jobs in August, which eventually beats the report economists' median forecast of 300,000 gains. However, in August, US wages fell to 0.3% from 0.5% previously, and the unemployment rate rose to 3.7% from 3.5%. The critical situation of the European energy crisis has led to a lot of concerns as regards the global recession. Everyone is still anticipating what will happen in the energy crisis ahead of the critical ECB rate hike playout decision on Thursday.
Russian Energy Giant Gazprom Will Increase Gas Shipments to Europe
Following the report that Russian energy giant Gazprom will increase gas shipments to Europe, the EURUSD opened and became solid at the 0.99570 key zone on Friday. The price action has been under pressure and since overnight, the euro high traded was close to the 1.00340 key zone, as the low of the night shows a 0.99350 key level in the euro range.
The GBPUSD has been sustaining the fear of a UK recession as a result of long-term inflation expectations. With the GBPUSD price at the close of trade in New York, the price settled at the 1.15060 key zone.
The USDJPY was trading at 140.210 on Friday. The USDJPY was trading at 140.210 on Friday. There appears to be a resultant yield on lower US bonds with the Japanese currency against other rivals. The USDJPY, with the opening of the new week, attracted a re-energized buying opportunity and retained its buy-side through the European session. As a result of the USD's running high, it has become a significant influence on the USDJPY currency pair. Despite strong indications of a bullish trend, the US government intends to continue implementing its policies.
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