AVUV - Dollar Is Softer Ahead Of The Employment Report
2024-05-03 06:50:00 ET
Summary
- The US dollar is trading with a softer bias ahead of the US jobs report, with recent survey data warning of downside risks.
- The Norwegian krone is the strongest G10 currency after the central bank delivered a hawkish hold on rates.
- Asian equities are mixed, with the Hang Seng index rallying for the ninth consecutive session.
Overview
The greenback is trading with a softer bias ahead of the US jobs report. Solid, even if not spectacular job growth, is expected. However, recent survey data warns of the downside risks. Moreover, counterintuitively, the dollar has not often rallied this year into the employment data, but frequently has in response....
Dollar Is Softer Ahead Of The Employment Report