US Dollar Index consolidates ahead of US Nonfarm Payrolls data
The US Dollar Index is flattening at around 99.92 as investors await the US Nonfarm Payrolls data for July.
The data is expected to significantly influence Federal Reserve interest rate expectations.
A read of 80k is expected, and a sub-80k NFP could weigh on the USD, potentially dousing expectations for another Fed rate hike this year.