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Session Recap: Asian markets muted ahead of NFP; Copper breaks higher

FXstreet.com (Barcelona) - With Japan closed again for holiday and markets awaiting US NFP later on at 12:30 GMT, Asia-Pacific session went on very quietly. USD index eased a very small margin on slightly AUD, NZD and EUR strength. EUR/USD printed session highs at 1.3079, while AUD/USD did so at 1.0279, and NZD/USD at 0.8538.

Local share markets show mixed results mostly in the green lead by Hong-Kong up +0.78% and Shanghai. Gold printed session highs at $1477 in the spot market while Copper rose more than 2%, and Oil remained stable following the big gains during previous sessions, last above the $93 mark.

In the data front Australia PPI 1Q came in higher than expected at +1.6% year on year, while AIG services index had its worst result at 44.1 in last 4 months, with China PMI services also disappointing at 54.5 below previous at 55.6.

Main headlines in the Asian session:

Forex: USD/CAD testing 1.0110 offers after new BoC announcement

Forex: EUR/USD holds above the 1.3050 and focuses on NFP to see the future

Commodities Brief: Oil regains most of previous losses, closes day +3.37%

Forex: EUR/JPY finishes slightly lower after roller-coaster day

Forex: USD/JPY shrugs off early weakness, finishes sharply higher

Australia AiG Performance of Services Index decreases to 44.1 in Apr from 49.6

China Apr Non-manufacturing PMI falls to 54.5 vs 55.6

Forex: AUD/NZD pressing lower against 1.2050 level

Australia Producer Price Index (YoY) up to 1.6% in 1Q from 1%

Forex: GBP/JPY closes higher but remains in consolidation on daily chart

Forex: Aussie edging higher during Asia trade, resistance at 1.0290 in focus

The Aussie is drifting higher during Asia trade, up 23 pips at 1.0268. Economic data in the session has been quiet, with the AUD PPI Index coming in at 0.3% actual vs. 0.2% estimate. Also, China Non-Manufacturing PMI was released (although China is on holiday), and came in at 54.5 actual vs. 55.6 previous. Market participants are already focusing on RBA Interest Rate decisions due out on Tuesday May 7th at 4:30GMT.
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Forex: EUR/USD glued to 1.3070/75

The shared currency remains in a very narrow range on Friday, ahead of the US Non-farm Payrolls for the month of April. Market consensus expects the US economy to have created 145K jobs vs. 88K jobs in the previous month...
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