US Nonfarm Payrolls are forecast to rise 160K in August after gaining merely by 114K in July.

Supply news made the headlines this week. Libya's production losses initially grew from day to day, peaking at 700 thousand barrels per day.

EUR/USD extends its winning spree for the third consecutive trading session on Friday, posts a fresh weekly high of 1.1150.

United States Average Hourly Earnings (MoM) above forecasts (0.3%) in August: Actual (0.4%)

United States Average Hourly Earnings (YoY) came in at 3.8%, above forecasts (3.7%) in August

United States Average Hourly Earnings (MoM) came in at 0.7%, above forecasts (0.3%) in August

United States Unemployment Rate meets expectations (4.2%) in August

United States Average Weekly Hours in line with forecasts (34.3) in August

United States U6 Underemployment Rate: 7.9% (August) vs 7.8%

United States U6 Underemployment Rate rose from previous 7.8% to 24% in August

United States Labor Force Participation Rate remains unchanged at 62.7% in August

Canada Participation Rate increased to 65.1% in August from previous 65%

Canada Unemployment Rate above expectations (6.5%) in August: Actual (6.6%)

Canada Net Change in Employment registered at 22.1K, below expectations (25K) in August

United States Nonfarm Payrolls came in at 142K, below expectations (160K) in August

The Pound Sterling (GBP) is a minor underperformer on the day so far after drifting back from its early London peak just under 1.32, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Significantly weaker than expected French and German Industrial Production data for July will lift concerns about the lack of momentum in the Eurozone economy but the data barely had an impact on the EUR which touched 1.1120 earlier before edging marginally lower, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The US Dollar (USD) trades slightly on the back foot on Friday as markets brace for potentially the most volatile event of the week, Nonfarm Payrolls (NFP). Markets are increasingly considering the possibility that the US Federal Reserve (Fed) could opt

The Mexican Peso (MXN) trades a touch lower in its key pairs on Friday, stabilizing after a volatile 24-hours in which the currency hit new year-to-date (YTD) lows only to bottom out and recover.

Gold (XAU/USD) trades back inside familiar territory, exchanging hands in the $2,510s on Friday after extending its rebound following the release of more weak jobs’ data from the US on Thursday, this time in the form of private payrolls data, which grew at a slower pace than expected.

Crude Oil consolidates this week’s sharp decline to a fresh year-to-date low below $70.00 for a second day in a row on Friday. Crude Oil prices remain subdued mostly because of the sketchy communication from the Organization of the Petroleum

The price of Gold climbed back above the $2,500 per troy ounce mark, trading just below its record high, Commerzbank commodity strategist Barbara Lambrecht notes.

Canadian jobs data may not matter all that much for the CAD today.

India Bank Loan Growth: 13.6% (August 19)

India FX Reserves, USD increased to $683.99B in August 26 from previous $681.69B

It’s payrolls Friday. The USD is soft on the day, but trading off its earlier lows, while stocks are broadly lower and major bond markets are firmer, driving 10Y yields 3-4bps lower.

USD/SGD fell further, tracking the broader softness in USD, OCBC Frances Cheung and Christopher Wong note.

The NZD/USD pair moves higher to near 0.6230 in Friday’s European session.

EUR/GBP gives back early gains on Friday as traders sell the Euro (EUR) following the release of Eurozone Gross Domestic Product (GDP) data which showed a downward revision in the second quarter from the initial estimate.

So far this week, neither the Australian Dollar (AUD) nor the New Zealand Dollar (NZD) have been able to benefit from the general weakness of the US Dollar (USD), and both currencies have weakened slightly over the course of the week, Commerzbank FX strategist Volkmar Baur notes.