Forex

Dollar slips ahead of US jobs report

2020-08-06 18:26:24 GMT (Economies.com)

The US dollar slipped against most currencies on Thursday, as focus shifted to the upcoming US jobs report due on Friday.

 

The US Department of Labor revealed today that the unemployment claims fell to 1.18 million during the past week.

 

This comes ahead of the monthly jobs report on Friday, which provide better insight on the state of the US labor market, amid expectations for the addition 1.550 million jobs in July, and the unemployment rate to fall to 10.5%.

 

Coronavirus infections rose to 19 million confirmed cases globally, with a death toll of more than 700,000 victims, according to John Hopkins University data.

 

The dollar index fell against a basket of currencies by 0.1% to 92.7 points as of 17:26 GMT, after it hit a high of 93.08 and a low of 92.5.

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