Dollar Declines Awaiting US Employment Data

Forex News

Financial markets remain stable, as traders expect the US employment data. Data on the US labor market for July may affect the future course of the monetary policy of the US Federal Reserve.

Analysts expect that the unemployment rate will drop to 4.3%, and the growth rate of the average hourly salary slowed from 2.5% to 2.4% year-on-year. It is also expected, that the US economy created 180 thousand new jobs in July, compared to the figure of 222 thousand in June.

The US dollar continued its significant decline against other major currencies, as investors await publication of data on employment in the US and amid continued political instability in Washington. The dollar index fell by 0.09% to the level of 92.62, approaching a minimum in 15 months.