The US dollar index seems stable so far, as it did not make a clear move during today’s hours, and is now recording a price of 103.50 against the basket of major currencies, and in the weekly term we notice its movement in a sideways direction.
The US jobs report is scheduled to be released during the New York session. These indicators have a major role in assessing the general situation of the jobs sector, and the Federal Reserve also cares about them to determine the interest rate.
It is also known that labor and employment indicators are reflected in the movements of the dollar and gold, and they are also reflected in global stock index markets.
The American economic indicators issued during the week were disappointing, and therefore some believe that the jobs sector is also not encouraging, and if this happens, this will be a strong reason for the dollar index to decline and give up its gains, in addition to the recovery of gold.
In a statement by Federal Reserve Governor Jerome Powell at the Jackson Hole symposium last week, he stressed that the economy needs to raise interest rates more, but carefully and less stringently.
