U.S. dollar little changed before employment data

U.S. dollar stable before employment release

The U.S. dollar stabilized against its counterparts today, amid the investors and the traders waiting for the release of the employment data in the U.S., as the market looks forward to the French presidential election's second round.

U.S. dollar and euro stable at 1.0981

The EUR/USD traded at 1.0981 stable, the GBP/USD pair changed slightly at 1.2920, whereas the USD/JPY reached the 112.23 zone falling 0.21%.

The AUD/USD approached the 0.7377 level declining 0.42%, and the NZD/USD remained at 0.6866. The U.S. dollar index traded to 98.62.

Oil falls further 3%

The price of oil, following its crash to five-month lows and the concerns over the worldwide oversupply, dropped 3% today.

The WTI crude oil futures traded 3% or $1.39 lower to $44.14 per barrel while brent crude futures dropped 2.8% or $1.33 to $47.05 per barrel.

Gold higher in Asia’s session

The precious metal, gold, escalated during the Asian trading session before the nonfarm payrolls data release where 185,000 jobs are expected to be created compared to March's 98,000 figure.

In the New York Mercantile Exchange on the Comex division, gold for delivery in June traded to $1,229.64 a troy ounce rising 0.08%.

Copper futures on the Comex reached $2.518 a pound gaining 0.16%.

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