{"id":44327,"date":"2023-08-04T04:24:49","date_gmt":"2023-08-04T08:24:49","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/forex\/dollar-edges-lower-ahead-of-key-payrolls-release\/"},"modified":"2023-08-04T04:24:50","modified_gmt":"2023-08-04T08:24:50","slug":"dollar-edges-lower-ahead-of-key-payrolls-release","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44327","title":{"rendered":"Dollar edges lower ahead of key payrolls release"},"content":{"rendered":"
\n

Investing.com – The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the session for more clues of the health of the country\u2019s economy.<\/p>\n

At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.278, having climbed as high as 102.84 in the prior session, its highest since July 7.<\/p>\n

Dollar bulls pause ahead of payrolls<\/strong><\/h2>\n

Healthy labor market data so far this week had boosted the dollar to four-week highs, with growing substantially more than expected in July.<\/p>\n

However, traders appear reluctant to push the dollar much higher ahead of the release of the eagerly awaited official jobs report later in the session.<\/p>\n

are expected to have increased by 200,000 jobs last month, after rising 209,000 in June. That would be the smallest gain since December 2020, but with the steady near multi-decade lows it would indicate a still-tight labor market.<\/p>\n

Additionally, is expected to have slowed in July, relieving some of this form of inflationary pressure.<\/p>\n

The next meets in September, and Chair Jerome Powell has made it clear that the policymakers will be studying the incoming data carefully before making further monetary policy decisions.<\/p>\n

Sterling flat after BOE meeting<\/strong><\/h2>\n

traded largely flat at 1.2712, the day after the lifted its benchmark interest rate by 25 basis points to a 15-year high of 5.25%.<\/p>\n

Although this was the BOE\u2019s 14th consecutive interest rate increase to combat , it was a smaller rise than the prior month’s 50 basis points and has raised speculation that the central bank is considering ending its tightening cycle.<\/p>\n

NatWest Markets has cut its forecast for the peak in rates to 5.5%, down from 6% it previously forecast, citing the Bank\u2019s new guidance.<\/p>\n

“The apparent rowing-back in the MPC’s policy-tightening guidance leaves us comfortable maintaining our negative bias on sterling,” NatWest said.<\/p>\n

Euro helped by strong German industrial orders<\/strong><\/h2>\n

rose 0.1% to 1.0951, helped by rising significantly more than expected in June, climbing by 7.0% on the month due to large-scale orders in several sectors.<\/p>\n

On the flip side, fell 0.9% in June, a weaker result than the fall of 0.3% expected and considerably below the previous month\u2019s 1.1% growth.<\/p>\n

Elsewhere, traded flat at 142.56, while rose 0.2% to 7.1814 after Chinese officials once again offered no concrete details on the planned stimulus measures, souring investor optimism over a potential economic recovery in the country.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Investing.com – The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the session for more clues of the health of the country\u2019s economy. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket of six other currencies, […]<\/p>\n","protected":false},"author":1,"featured_media":10290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[244],"tags":[83],"class_list":["post-44327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex","tag-featured"],"yoast_head":"\nDollar edges lower ahead of key payrolls release | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Investing.com - The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=44327\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dollar edges lower ahead of key payrolls release | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Investing.com - The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=44327\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-04T08:24:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-04T08:24:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEE0I024_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44327#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44327\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Dollar edges lower ahead of key payrolls release\",\"datePublished\":\"2023-08-04T08:24:49+00:00\",\"dateModified\":\"2023-08-04T08:24:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44327\"},\"wordCount\":412,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44327#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44327\",\"url\":\"https:\/\/ifintechworld.com\/?p=44327\",\"name\":\"Dollar edges lower ahead of key payrolls release | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-04T08:24:49+00:00\",\"dateModified\":\"2023-08-04T08:24:50+00:00\",\"description\":\"Investing.com - The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=44327#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=44327\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=44327#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dollar edges lower ahead of key payrolls release\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dollar edges lower ahead of key payrolls release | iFintechWorld","description":"Investing.com - The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=44327","og_locale":"en_US","og_type":"article","og_title":"Dollar edges lower ahead of key payrolls release | iFintechWorld","og_description":"Investing.com - The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the","og_url":"https:\/\/ifintechworld.com\/?p=44327","og_site_name":"iFintechWorld","article_published_time":"2023-08-04T08:24:49+00:00","article_modified_time":"2023-08-04T08:24:50+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXMPEE0I024_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=44327#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=44327"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Dollar edges lower ahead of key payrolls release","datePublished":"2023-08-04T08:24:49+00:00","dateModified":"2023-08-04T08:24:50+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=44327"},"wordCount":412,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Forex"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=44327#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=44327","url":"https:\/\/ifintechworld.com\/?p=44327","name":"Dollar edges lower ahead of key payrolls release | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-04T08:24:49+00:00","dateModified":"2023-08-04T08:24:50+00:00","description":"Investing.com - The U.S. dollar edged lower in early European trade Friday as traders awaited the release of the key U.S. payrolls data later in the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=44327#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=44327"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=44327#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Dollar edges lower ahead of key payrolls release"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44327"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44327\/revisions"}],"predecessor-version":[{"id":44328,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/44327\/revisions\/44328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/10290"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}