Dollar Steadies Ahead of Release of Job Report – 3 September, 2020

The dollar steadied against major competitors ahead of the release of key U.S. job data, with hopes that it will provide some information about the direction of economic recovery. Against the euro, the dollar was steady at $1.1851, and was last trading at $1.3285 against the pound.  The dollar stood at $1.1851 against the euro and 106.18 against the yen. The dollar index was little changed against major currencies, last standing at 92.759. The Aussie was steady at $0.7275, and the kiwi traded at $0.6712. Small signs of a growing labor market have some hopeful of a fast economic recovery, though many still remain cautious. U.S. non-farm payrolls were slower than the previous month, with August jobs growing by 1.4 million compared to July’s 1.763 million job increase.