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The U.S. dollar reigned over its peers on Friday, gaining for a third straight day, despite dismal monthly jobs data.

nonfarmpayroll 040320 Employment in the U.S. fell much more than expected in the month of March, according to a report released by the Labor Department on Friday. The report said employment plunged by 701,000 jobs in March after jumping by an upwardly revised 275,000 jobs in February.

centarlbkchina june25 03apr20 China's central bank decided to reduce the reserve requirement for small and medium-sized banks by 100 basis points to improve liquidity and shore up the economy hit by the outbreak of coronavirus. The People's Bank of China, said on Friday, that it will cut the reserve requirement ratio by 50 basis points each on April 15 and May 15.

ukservice aug03 03apr20 The UK service sector registered its steepest downturn in more than two decades in March due to business shutdowns and order cancellation in response to the coronavirus, or covid-19, pandemic. The services Purchasing Managers' Index fell to 34.5 in March from 53.2 in February, survey data from IHS Markit and Chartered Institute of Procurement & Supply showed Friday.

eurozonepmi 042117 03apr20 The euro area private sector logged its biggest monthly fall on record in March as the coronavirus disease, or covid-19, pandemic impacted heavily on economic activity, final data from IHS Markit showed Friday. The final composite output index fell sharply to 29.7 in March from 51.6 in February. This was also weaker than the flash estimate of 31.4.

chinapmi jun05 03apr20 China's services activity contracted in March as the sector continued to face challenging conditions due to the ongoing impact of the coronavirus, or covid-19 outbreak, survey data from IHS Markit showed Friday. The Caixin services Purchasing Managers' Index rose to 43.0 in March from a record low 26.5 in February. However, a score below 50 indicates contraction.

asiandevelopmentbank sept25 03apr20 The Asian Development Bank cut its growth projection for developing Asia due to the effects of the novel coronavirus, or covid-19 pandemic. In the Asian Development Outlook, released Friday, the ADB said regional economic growth will decline sharply this year before recovering in 2021. The lender forecast developing Asia to grow 2.2 percent in 2020.

preview april03 Final composite Purchasing Managers' survey and retail sales from euro area are due on Friday, headlining a busy day for the European economic news. At 3.00 am ET, Spain's INE releases industrial production data for February. Output is expected to grow 2.1 percent annually, in contrast to a 2.1 percent drop in January.

The U.S. dollar rose fairly sharply against its peers but gave up some gains after crude oil prices skyrocketed amid reports the price war between Russia and saudi Arabia will likely end sometime soon.

factory orders 040220 A report released by the Commerce Department showed new orders for U.S. manufactured goods were virtually unchanged in the month of February. The Commerce Department said factory orders edged down by less than a tenth of a percent to $497.4 billion in February after falling by 0.5 percent to $497.5 billion in January. Economists had expected orders to rise by 0.2 percent.

trade deficit2 040220 Reflecting a steep drop in the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed significantly in the month of February.

jobless claims2 040220 After reporting a substantial increase in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing another spike in jobless claims in the week ended March 28th.

ukhouseprices nov30 02apr20 UK house prices grew at the fastest pace in more than two years in March before the coronavirus, or covid-19, pandemic struck the economy, data from the Nationwide Building Society showed Thursday. House prices grew 3 percent year-on-year in March, following February's 2.3 percent increase. This was the fastest growth since January 2018. Prices were expected to rise 2 percent.

preview april02 Producer prices from euro area and unemployment from Spain are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, producer prices data for February is due from Romania. In January, producer prices had climbed 4.7 percent on year.

The U.S. dollar stayed firm against most of its peers on Wednesday amid fears of an imminent deep recession due to the impact of the rapidly spreading coronavirus pandemic.

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