DXY Holds Near 99.40 Ahead of US Jobs Report

Investors await May Nonfarm Payrolls data, with forecasts pointing to slower hiring and wage growth at 12:30 GMT. The US Dollar Index (DXY) remains flat around 99.40 as traders await the May Nonfarm Payrolls (NFP) report. The data, due at 12:30 GMT, is expected to show emp

Investors await May Nonfarm Payrolls data, with forecasts pointing to slower hiring and wage growth at 12:30 GMT.

The US Dollar Index (DXY) remains flat around 99.40 as traders await the May Nonfarm Payrolls (NFP) report. The data, due at 12:30 GMT, is expected to show employers added 85K jobs, down from 115K in April.

The Unemployment Rate is projected to hold steady at 4.3%, while Year-on-Year Average Hourly Earnings are forecast to ease to 3.4% from 3.6%. Monthly wage growth is seen accelerating to 0.3% from 0.2%.

The report typically sways Fed policy expectations, though its impact may be muted unless figures deviate sharply from forecasts.

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