The US dollar strengthened slightly as the market awaited the non-farm payrolls report and braced for the Supreme Court's ruling on President Trump's emergency tariff powers.
Analysts said the jobs data could trigger a big reaction in the US dollar, which is still seen as oversold after a nearly 10% drop in 2025.
Uncertainty also stems from the possibility of a court ruling that could undermine US trade policy and trigger billions of dollars in tariff refund claims.
Market expectations are now tilted to the Fed keeping interest rates on hold for longer, with a high probability of no rate change at the January meeting.
In global markets, the euro and yen weakened against the dollar, while commodities and cryptocurrencies were also under pressure.
