| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:45 | France | Industrial Production, m/m | August | 0.2% | 0.2% | 1.4% |
| 08:30 | United Kingdom | PMI Construction | September | 53.6 | 53.1 | 57.2 |
USD slipped against most of its major rivals in the European session on Friday as investors continued to watch the Middle East tense situation closely while awaiting the U.S. September employment report, which may impact markets’ notion of the Federal Reserve's interest rate cutting.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, fell 0.11% from the previous close to 101.87.
The crucial U.S. jobs figures are scheduled to come in at 12:30 GMT. Economists expect they will show that the U.S. unemployment rate held steady at 4.2% last month while payrolls rose by 140,000 and average hourly earnings increased by 3.8% YoY.
Ahead of the much-anticipated release, markets continued to bet on 75 basis point rate reduction by the Fed by the end of 2024 with a 25-basis-point cut being seen as the most likely move for the U.S. central bank’s November meeting and a 50-basis-point decrease for its gathering in December.