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.
