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FUNDAMENTALS OF CURRENCY:

* The dollar rose on Friday in thin trading, posting its third straight weekly gain, after data showed the world's largest economy created more jobs than expected in March, suggesting it is on a steady path to recovery from the pandemic. Sentiment for the dollar has improved in recent weeks, while Treasury yields have spiked, as the Biden administration's planned stimulus of more than $2 trillion and a rapid COVID-19 vaccine rollout spurred economic optimism as well as inflation fears. The dollar's ascent to multimonth highs is likely to continue as more investors bet on economic recovery.

* The Pound (GBP) has been broadly appealing lately as well. Continued speculation that Britain’s economy will be one of the first major economies to recover from the coronavirus pandemic, and anticipation for easing of UK lockdowns, are keeping the outlook strong. Still, the Pound is avoiding bigger losses and holding above its worst levels in a month. This is partially thanks to signs of strength in recent UK data. The UK manufacturing PMI from Markit came in slightly higher than projected.

* The euro cut its gains against the dollar Wednesday as investors fret over fresh lockdown measures in the economic bloc that will likely slow the recovery, but some experts see a reversal on the cards for the single currency. France widened lockdown restrictions nationwide to curb a third wave of coronavirus sweeping Europe. "EUR/USD slid to the November 11 low at 1.1745 as expected with the mid-October low at 1.1689 being next in line.

Technical indicators (Daily):

* RSI- 60.2517

* MACD- 0.0951

* MOVING AVERAGES (20,50,100)- (72.7846/72.8326/73.2142)

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