Dollar 'Holds Its Breath' Ahead of Non-Farm Payrolls, Data Could Be the Trigger

BlockBeats News, July 2 – The U.S. Dollar Index traded around 101.20 during early European session on Thursday. Ahead of the release of the key U.S. employment report later on Thursday, market sentiment has turned cautious, with the Dollar Index edging slightly lower. Akihiko Yokoo, a senior analyst at MUFG Bank, stated that if the non-farm payroll data exceeds expectations, the dollar may accelerate its rebound. The daily chart shows that the Dollar Index spot price is short-term bullish, holding above the 100-day moving average, with the overall upward trend remaining intact. [Original Link]