With just hours to go before the release of the US NFP jobs data, currency markets are moving in a narrow range amid investor caution.
The greenback traded mixed, with the dollar index moving flat at around 103.08 against a basket of major currencies.
The US economy is expected to add 224,000 jobs in June, down from the 339,000 gain recorded the previous month.
While the unemployment rate is predicted to decrease slightly to 3.6% from 3.7%, while average wage growth is expected to remain at 0.3%.
If the recorded reading is stronger, it may provide additional support for the US dollar to resume its previous strengthening.
Taking a look at major currency movements more broadly, the euro traded slightly lower after German industrial production data showed a contraction in May.
Meanwhile, the pound traded flat below the 1.2750 price level against the greenback as the market awaited the next catalyst from the US NFP data.
On the other hand, the Aussie dollar also moved flat in the European session while the New Zealand dollar rose as it tried to erase previous losses.
The yen continued to gain strength against the US dollar and other major currencies despite higher US 10-year bond yields.
Additionally, the Canadian dollar remained trading weaker against the greenback ahead of the release of Canadian jobs data in the New York session.
