Dollar Steady Ahead of U.S. Payrolls as Trade Deal Boosts Market Confidence

Reported about 13 hours ago

The U.S. dollar showed stability after a trade agreement with Vietnam raised optimism for future deals, while traders closely monitored the upcoming U.S. payrolls report. The British pound remained under pressure due to fiscal concerns related to Finance Minister Rachel Reeves, as the market anticipated the impact of recent private payroll declines on Federal Reserve interest rate decisions. With the U.S. dollar index slightly higher, focus shifts to labor statistics that could influence monetary policy amid rising worries about recession.

Source: YAHOO

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