The dollar edges lower ahead of the U.S. nonfarm payrolls report at 1230 GMT as investors look for evidence on whether the Federal Reserve should raise interest rates as markets expect. With the U.S. and Iran signing a memorandum of understanding in June to end the war, the U.S. labor market comes into more focus for foreign exchange markets, Commerzbank's Volkmar Baur says in a note. However, this data will have less importance than in the past as new Federal Reserve Chair Kevin Warsh hasn't spoken much about the labor market and recent payrolls figures seem to be somewhat more volatile than previously, he says. The DXY dollar index falls 0.1% to 101.304. (renae.dyer@wsj.com)
Dow Jones Newswires
Dollar Falls Ahead of Key U.S. Jobs Data — Market Talk
The dollar edges lower ahead of the U.S. nonfarm payrolls report at 1230 GMT as investors look for evidence on whether the Federal Reserve should raise interest rates as markets expect. With the U.S. and Iran signing a memorandum of understanding in June to end the war, the U.S. labor market comes…