Ahead of the release of non-farm payrolls report, investors have chosen to wait and watch happens next. It is expected that the Fed will maintain a dovish monetary policy. The US dollar index is trading at 97.00. Chinese manufacturer, Huawei, is accused by the US government of violating trade sanctions against Iran. It has worsened the trade relations between the US and China.
The USD/JPY pair is trading at 112.60. The AUD/USD pair is trading at 0.7225. Macroeconomic reports released from Australia are not encouraging. At the moment, the market is influenced by the trade tensions between US and China.