Dollar Holds Breath Ahead of Non-Farm Payrolls, Data Could Be a Catalyst

BlockBeats News, July 2nd, the U.S. Dollar Index traded around 101.20 during the early European session on Thursday. With the key U.S. employment report to be released later on Thursday, market sentiment turned cautious, leading to a slight decline in the dollar index.

Mitsubishi UFJ Financial Group's Senior Analyst, Akihiko Yokoo, stated that if the non-farm payroll data beats expectations, the dollar may see an accelerated rebound. The daily chart indicates a short-term bullish bias for the U.S. Dollar Index, with the price holding above the 100-day moving average, maintaining an overall uptrend.