(03 April 2020)DAILY MARKET BRIEF 2:UK’s services PMI could be revised lower.

<p>In the currency markets, the US dollar defines the overall direction for all. And the greenback remains strong as the risk-off behaviour reigns.</p>
<p>Due today, the US nonfarm payrolls are expected to unveil 100’000 job losses in March. But looking at the devastating jobless claims figures, it is possible we see significantly worse figures. As we mentioned in our earlier reports, the US dollar should not fall from grace with bad US data, in contrary, as investors have no safer place to flee. Hence, we may see a reversed relationship between data and the USD appetite. A better data would be more efficient in softening the US dollar before the weekly closing bell.</p>