US Dollar Index Trades Near 101.20 Ahead of July Nonfarm Report, Awaits Key Employment Data

USIDX-0.25%
According to Jin10 Data, the US Dollar Index traded near 101.20 in early Thursday European morning session on July 2, with market sentiment turning cautious ahead of the US employment report due later the same day. Akihiko Yokoo, senior analyst at Bank of Tokyo-Mitsubishi UFJ, noted that if nonfarm payroll data exceeds expectations, the dollar could accelerate its rebound. The index remains supported above its 100-day moving average, maintaining its overall uptrend.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments