In reaction to today’s U.S. GDP release, the U.S. dollar eased back slightly after it had staged a bounce the day before. As my colleague Matt Weller reported earlier, the first estimate of second-quarter growth for the world’s largest economy came in at 4.1% annualized, the highest rate since 2014.
After a hiccup at the start of the week, the UK government has finally struck a deal with the EU to move Brexit talks on to the next phase.
The volatility of the U.S. dollar/Canadian dollar (USD/CAD) currency pair is likely to remain elevated for a while, providing plenty of trading opportunities.
The US dollar is mixed against major pairs on Friday.
As the dollar rebounded after its initial negative reaction to the nonfarm payrolls report, buck-denominated gold turned negative on the week.
The pound has managed to bounce back a little this Friday morning after taking a plunge on Thursday when the Bank of England delivered a so-called dovish rate rise.
Gold turned positive after initially dropping to its lowest level since August 8 in reaction to a weaker-than-expected U.S. jobs report.
The dollar was explosively volatile on Friday, with prices aggressively appreciating towards 94.27, as investors digested September’s distorted U.S. jobs data.
The dollar’s rally could gather momentum if the September monthly jobs report beats expectations later on today.

The Aussie dollar/U.S. dollar (AUD/USD) currency pair is trading in a bearish leg as part of a higher degree Wave 5.