The Dollar edged higher ahead of U.S jobs data

The Dollar edged higher ahead of U.S jobs data  

July 2, 2015



The U.S Dollar extended gains against the Euro and the Japanese Yen on Thursday trading session, and the investors are waiting the release of the U.S jobs data including the: Initial Jobless Claims, the unemployment rate and the Non-farm payrolls report as U.S. markets will be closed on Friday for the July 4 holiday where the U.S citizens will celebrate the Independence Day. On the other hand, the U.S dollar was supported yesterday by the increase of the Manufacturing activity and the ADP Nonfarm Employment change rose to 237K..Thus the Investors are looking for more signs about the improvement of the U.S labor market, which is the key factor for the Federal Reserve to hike its interest rates.

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