Forex - Range-Bound Trading Ahead of US Non-Farm Payroll Announcement

Forex News and Events: FX markets are showing limited price action ahead of non-farm payroll data scheduled to be released today. The consensus regarding Non-Farm Payrolls is at -230k vs. the prior reading of -247k, a moderate improvement. Comments from the Fed warned of prolonged economic weakness particularly in the employment sector. Initial Jobless Claims were slightly better than expected at 570k vs. 574k, but the levels are still atypically high in comparison to non-recessionary