The movement of the US dollar giant was flat at the opening of the European session, indicating investors remained vigilant ahead of the release of US NFP jobs data.
In December, the market expects the U.S. economy to add 426,000 jobs from 210,000 previously recorded. Meanwhile, the unemployment rate dropped to 4.1%.
This strong expectation put the US dollar trading to continue to strengthen against its major rivals after gaining support from the Federal Reserve’s (Fed) hawkish statement to raise interest rates earlier.
At the time of writing, the dollar index that measures the strength of the greenback dollar traded slightly lower at 96.17 against a basket of major currencies.
In addition to the US dollar, the loonie is also the focus of investors awaiting the Canadian jobs report which is expected to show slower growth last month.
Meanwhile, euro trading remained weak at a one -week low, weighed down by the strengthening of the greenback dollar and expectations of an interest rate hike by the US central bank.
The pound continued to trade at around 1.3500. The movement of the US dollar is expected to continue to affect cable trading, given that there is no recent data from the UK to stimulate the currency.
The risky currency was depreciating lower, with the Aussie dollar weighed down by recent expectations that New South Wales will re-impose sanctions after being shocked by the surge in the Covid-19 case.
