Weekly trade from Mitsubishi UFG
Currency investors should consider buying AUD/USD, advises MUFG Research in its weekly FX pick.
The suggest buying AUD/USD from 0.7435 with a target of 0.7675 and a stop at 0.7225.

Forex news for North American trading on December 4, 2020
In most years, if a US jobs report can in worse than expectations by 215K jobs, you might expects stocks to move lower, yields to move lower. the USD to move lower.  

Major indices close near highs
The final numbers are showing:

Some profit taking ahead of the weekend
The EURUSD is trading to a new day low as the clock ticks toward the close.  
For the week, the EURUSD moved above old swing lows from Jan, March and April 2018 between 1.2153 to 1.2164, but could only reach 1.2177 before sellers reentered. 

Weekly FX positioning data for the week ending December 1, 2020
– EUR long 140K vs 138K long last week. Longs increased by 2K
– GBP short 8K vs 17K short last week. Shorts trimmed by 9K

WH Peter Navarro (mouthpiece form Pres. Trump) speaking on FOXBusiness. Pres. Elect Biden also speaking. 
WH Navarro on FoxBusiness is saying:
Meanwhile Pres. elect Biden is saying similar things:

Bloomberg reports, citing officials familiar with the situation
Adding that several members of the governing council would support such a proposal, even those who have a personal preference for a six-months extension.

Reuters reports, citing sources involved in China’s internal policy discussions
A drop in USD/CNY to 6.40 would mean another 2% drop from current levels. Since peaking in late May, the pair has already fallen by roughly 9%.

GBP/USD pares the jump earlier to 1.3494 as price retreats back to 1.3450
The pair got a jump from the earlier headline , before giving back all of the gains now as we see a retreat upon nearing a test of 1.3500. There is also key daily resistance from the 1 September high @ 1.3483 to

The US jobs report today may not have any overbearing consequences but it should still reflect sentiment for the most part
You can’t really blame anyone for forgetting or ignoring today’s non-farm payrolls report. Amid Brexit headlines and US stimulus talk, as well as the ongoing battle between the virus situation and vaccine optimism, it is