The dollar stabilizes and cautious anticipation awaits jobs data.
Markets are monitoring the European Central Bank’s minutes.

The US dollar remained stable during Thursday’s trading session as traders widely awaited the upcoming non-farm payrolls report,
due later today, ahead of tomorrow’s Independence Day holiday.
Investors are aiming to assess the strength of the U.S. labor market to help anticipate the direction of future interest rate movements.

Topic

Dollar

Europe

Dollar

The U.S. Dollar Index, which measures the greenback against a basket of six major currencies,
held steady at 96.81 points, although it remains down 0.5% since the beginning of the week.
The euro also maintained its gains, hovering near its highest level since September 2021 at $1.1798,
while the British pound was flat at $1.3643. Meanwhile, the dollar edged slightly higher against the Japanese yen to 143.82 yen.

Market optimism was further boosted by news of a new trade agreement between the United States and Vietnam,
raising hopes for additional deals before mutual U.S. tariffs take effect on July 9.

Due to the Independence Day holiday tomorrow, the U.S. Department of Labor will release the monthly jobs report today,
Thursday, instead of Friday. Expectations point to an addition of 110,000 new jobs in June and a rise in the unemployment rate to 4.3%.
Initial jobless claims are also expected to rise to 240,000 last week,
especially after the ADP report showed private sector job losses for the first time in over two years.

Europe

European stock indices climbed, supported by falling government bond yields in Germany, Italy, and the United Kingdom,
as markets awaited the release of the European Central Bank’s monetary policy meeting minutes.
The minutes are expected to shed light on the details behind the recent interest rate cut.

The STOXX Europe 600 index rose 0.3% to 542 points. Germany’s DAX added 0.2% to 23,839 points.
The UK’s FTSE 100 gained 0.45% to 8,815 points, and France’s CAC 40 advanced 0.3% to 7,760 points.

The dollar stabilizes and cautious anticipation awaits jobs data.

The dollar stabilizes and cautious anticipation awaits jobs data

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