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U.S. Dollar Little Changed Ahead of Non-Farm Payrolls Data


Friday, 5 July 2019 13:10 WIB

DOLLAR Indeks DolarAUD/USD,


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The U.S. dollar was little changed on Friday in Asia as traders remained cautious ahead of the U.S. non-farm payrolls data due later in the day.

The U.S. dollar index that tracks the greenback against a basket of other currencies was up 0.04% to 96.373 by 1:51 AM ET (05:51 GMT). Trading volumes were light as U.S. financial markets were closed for a public holiday.

Non-farm payrolls are expected to have risen by 160,000 in June, compared with 75,000 in May.

Analysts said positive payroll data is unlikely to buoy the dollar as expectations for U.S. rate cuts are strong, given low inflation.

The AUD/USD pair inched up 0.1% to $0.7021 after climbing to a two-month high of $0.7048 the previous day.

The Aussie dollar has advanced about 1.4% against its U.S. counterpart this week. The USD/JPY pair also inched up 0.1% to 107.88.

Source : Investing.com


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