Being an important focus in the New York session trading yesterday Thursday, the US NFP employment report for June came with a satisfactory reading.
Anxiety when the ADP data that recorded a negative figure last Wednesday was eliminated with an increase of 147,000 jobs, which exceeded the low forecast of 111,000.
Also adding positive value to the report was when the unemployment rate was expected to increase to 4.3% instead decreased to 4.1%, lower than the previous month's 4.2%.
Only the reading for average hourly earnings recorded a lower decrease than forecast and the previous month, which was 0.2% for June.
However, overall, the report for June showed a good signal for the US labor sector, which will likely prevent the Federal Reserve (Fed) from accelerating interest rate cuts.
This situation has had a strengthening effect on the US dollar currency in the initial reaction to the report published in the New York session yesterday.
However, the US dollar's trading performance was mixed as the market also received news about President Donald Trump's spending and tax cut bill that has been approved by the House of Representatives.
The bill, dubbed the "Big, Beautiful Bill", is now being sent back to President Trump to be signed into law.
The latest developments in trade negotiations show positive sentiment, easing previous tensions.
After reaching a negotiation agreement with Vietnam, the US has reportedly lifted export restrictions on chip design software developers and ethane producers from China.
Investors are cautious for trading in the final sessions of this week, expecting slow movements as the US is on a holiday in conjunction with Independence Day on Friday.
