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EUR/USD, USD/JPY, GBP/USD, USD/CHF, EUR/CHF, AUD/USD, USD/CAD

10-Yr T-Note: -02/32..1.735%.. USD/JPY: 80.42.. EUR/USD: 1.2834

The US Dollar Index trades on session highs near 80.55, and is on track to close at its best level in almost 2 months.

Traders will be parsing headlines from this weekend’s G-20 meetings in Mexico City that get underway on Sunday, but little is expected.

EUR/USD is -110 pips at 1.2830 as action holds on session lows. Today’s selling has the single currency testing the important 1.2830 level which is aided by the 200-Day MA. Should that level give way traders will be looking for a move towards the 1.2600/1.2650 area that is home to the 100-Day MA. Eurozone data includes Spanish unemployment change and Sentix Investor Confidence.

GBP/USD is -90 pips at 1.6035 with Friday’s selling providing a minor test of near-term support in the vicinity. The 1.5850 support marks remains Ley as both the 100 and 200-Day MA are looking to lend a hand. Britain’s Services PMI will be released early Monday.

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USD/CHF is +85 pips at .9400 with today’s bid sparking a move above both the 50- and 200-day moving averages. A push through the level sets up the possibility of a run towards .9540 resistance that is helped by the 100-day MA.

Swiss National Bank Chairman Thomas Jordan spoke earlier today, suggesting the EUR/CHF 1.20 floor would not be moved anytime soon.

AUD/USD is -40 pips at 1.0360 as today’s selling erases two days’ worth of gains. The 1.0400 area has provi/ded a lid on action since the middle of October as resistance in the area remains intact. Traders continue to keep an eye on the 50, 100 and 200-Day MAs which stand just below current levels. Australian data is heavy as the AIG Services Index, retail sales, the trade balance, and ANZ Job Advertisements all cross the wires. China’s Services PMI number is due out late Friday tonight.

USD/CAD is -25 pips at .9940 as trade slips for a second session. Friday’s weakness comes despite the Canadian jobs report which showed a weaker than expected employment change of 1.8K 9.5K expected as the unemployment rate held steady at 7.4%. Near-term support lies in the vicinity with a breakdown likely producing a retest of the .9860 level. Canadian data is limited to building permits.