Don't Forget To Trade In The New York Session Tonight!

<p>&nbsp;The US dollar continued to hold on to gains, hovering around six-month highs against major currencies in the European session.</p><p><br /></p><p>Against most major currencies, the dollar index, which measures the strength of the greenback, traded firmly at 105.00.</p><p><br /></p><p>The currency king is on track for its longest streak of weekly gains in nine years, supported by resilient US economic data.</p><p><br /></p><p>Meanwhile, the yuan plunged to its lowest level since 2007, weakened by China's dismal economy.</p><p><br /></p><p>The strengthening of the greenback continued to pressure the major currency to be stuck at the lowest level.</p><p><br /></p><p><br /></p><p>The euro fell below 1.0700 for the first time in three months, while the pound slipped below 1.2500 against the greenback.</p><p><br /></p><p>On the other hand, the Aussie and New Zealand dollars were seen rising on Friday, trying to bounce back from 10-month lows against the US dollar.</p><p><br /></p><p>Both currencies took advantage of the greenback's weakness in the previous Asian session, before capping those gains in the European session.</p><p><br /></p><p>Meanwhile, the Canadian dollar slipped to its weakest level in six months against the US dollar as market focus turned to the release of Canadian jobs data tonight.</p><p><br /></p><p>The yen, meanwhile, remained struggling at a 10-month low, after some Japanese authorities began to hint indirectly at intervening in the currency's volatile movements.</p>