Dollar Holds Steady as Markets Await U.S. Jobs Data; Yen Stays Near 40-Year Low
By Aboki Forex —
The U.S. dollar traded within a tight range on Thursday. Investors are waiting for key U.S. employment data that could signal the Federal Reserve's next move on interest rates.
The Japanese yen remains stuck near its weakest level in 40 years against the dollar. This keeps traders on edge, watching for possible intervention from Japanese authorities.
Trading volumes were low ahead of the U.S. Independence Day holiday. All eyes are now on the June non-farm payrolls report, a major gauge of the American economy's health.
Economists polled by Reuters expect an increase in June payrolls. The unemployment rate is expected to hold steady.