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The Australian Dollar paced higher versus the US Dollar as Wall Street rallied overnight. APAC traders may look to capitalize on that momentum into the weekend. Tonight's US NFP data is on the radar.

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Current market conditions may keep the price of crude oil afloat amid the larger-than-expected decline in US inventories.

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The euro will struggle to continue its recovery against the US dollar if US NFP data shows strength in the labor market and lead traders to increase bets on aggressive Fed policy tightening.

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The Pound remains on the front foot in the afternoon session as the US Dollar struggles.

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