DOLLAR INDEX STEADIES UNDER 104 MARK AHEAD OF KEY JOBS DATA

Published on Dec 08, 2023 11:03

The dollar index is steadying under 104 mark keenly awaiting much awaited non-farm data due later in the global day for further guidance ahead of Federal Reserve meeting next week. Currently, the dollar index that measures the greenback against a basket of currencies is quoting at 103.62, up 0.11% on the day. Meanwhile, data overnight showed, he Labor Department released a report showing a slight uptick in first-time claims for U.S. unemployment benefits in the week ended December 2nd. The report said initial jobless claims ticked up to 220,000, an increase of 1,000 from the previous week`s revised level of 219,000. Among the basket currencies, EURUSD and GBPUSD are staying subdued ahead of crucial data at $1.0789 and $1.2592 respectively.