The US dollar is stable against major world currencies on Friday morning ahead of the publication of data on the US labor market.
The ICE-calculated index showing the dynamics of the US dollar against six currencies (the euro, the Swiss franc, the yen, the Canadian dollar, the pound sterling and the Swedish krona), as of 8:20 am CST, fell by 0.05%, the broader WSJ Dollar – by 0 .04%.
The euro/dollar pair is trading at $0.9799 compared to $0.9793 at the close of the session on Thursday, the euro adds about 0.06%.
The exchange rate of the US currency against the Japanese is 145 yen compared to 145.14 yen the day before. The so-called offshore yuan (traded in Hong Kong) dropped against the dollar to 7.1022 yuan per $1 from 7.0853/$1 the day before.
The pound rose 0.02% to $1.1164 compared to $1.1162 at the close of the previous session.
The market is waiting for the publication of data on unemployment in the US for September, which may indicate the “health” of the country’s labor market and determine the expectations of traders regarding the further trajectory of monetary policy.
Experts believe that the unemployment rate in the country in September remained at the August mark of 3.7%, and the number of new jobs increased by 250 thousand, writes Trading Economics. The report of the Ministry of Labor will be published at 15:30 CST.
