U.S. Dollar Index is losing ground as traders react to the strong Non Farm Payrolls report. The report showed that the economy added 177,000 jobs in April, compared to analyst forecast of 130,000.
In case U.S. Dollar Index settles below the 50 MA at 99.51, it will head towards the nearest support level, which is located in the 98.80 – 99.00 range.
GBP/USD made an attempt to settle above the 1.3300 level but lost momentum and pulled back.
A move below the 1.3250 level will push GBP/USD towards the nearest support at 1.3200 – 1.3220.
