Dollar edges up after vertical decline on Friday
The US Dollar trades marginally higher to near 99.70.
The US Dollar Index gauges the Greenback’s value against six major currencies.
Financial markets doubt the recovery in the US Dollar as traders priced out a Federal Reserve interest rate hike in September, following weak US Nonfarm Payrolls data for July.
ING strategists reiterate their call for no further Fed hikes this year, citing a -20k payroll print and more than 100k of downward revisions.