Currently USD loses to the majority of the leading currencies, while traders are waiting for Non-Farm Employment Change and Unemployment rate due to be released tomorrow, Friday September 3rd. According to various forecasts, 101 thousand jobs were lost in August, which is less than 131K jobs lost in July. The Unemployment rate is expected to go up to 9.6% - an addition of 0.1% to July's 9.5%. ADP Non-Farm Employment Change released yesterday didn't bring any good news about the US labor market, which had lost 10,000 jobs in August whereas the expectation was for the addition of 20,000. This index cast a poll over the USD trades which dropped to $1.2800 against the EUR (two-week record for EUR). Since dropping to 1.2590 last week, EUR manages to recover a bit. If tomorrow's report matches the predictions, EUR might soar up towards USD's next resistance at 1.2920, or even cross the 1.30 line.

USD/CAD – 1.0520

After two volatile weeks for this pair, USD drops to 1.0520 against its Canadian counterpart. This sink occurs because of the disappointing ADP Report and Non-Farm Employment Change, which is due tomorrow. For the past two weeks the pair has been moving aimlessly and trendless between CAD's resistance at 1.0670 and USD's support at 1.0450. Tomorrow's index might influence the pair's future movement.