EUR/USD attracts some buyers around the mid-1.0500s on Friday. Germany’s trade surplus came in at €16.6 billion in August vs. €17.7 billion prior. US weekly Initial Jobless Claims came in below the market expectation last week. The US Nonfarm Payrolls will be in the spotlight on Friday. Yield lends some support to the major pair. However, the upside seems to be limited ahead of the release of German Factory Orders and US employment data on Friday. EUR/USD currently trades around 1.0547, up 0.
Apart from this, the US Department of Labor showed on Thursday that US Initial Jobless Claims for the week ending on September 30 improved to 207K from the previous reading of 205K, below the market expectation of 210K. This figure indicates that labor market conditions remain tight. Additionally, the US Balance of Trade deficit was $58.3 billion, lower than the expected of $62.3 billion and the $64.7 billion recorded in July.
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