The USD has been stable against other major currencies since the week opened amid market players now paying full attention to several US labor market data releases this week.
At 9.41 am, the US Dollar Index (DXY) was at 98.769 points, up 0.04% since it opened in early trading on Thursday in the Asian session.
Job openings in the United States recorded a larger-than-expected decline in November, while hiring activity also showed a slowdown.
This development reflects the continued decline in demand for labor.
At the same time, data from the Institute for Supply Management (ISM) showed that US service sector activity unexpectedly increased in December.
However, the ADP National Employment report revealed that the recovery in private sector wages is still weaker than market expectations.
The main focus of the market is now shifting to the more comprehensive and closely watched US NFP report, scheduled for publication on Friday.
This data is expected to be a key determinant of the direction of the US dollar in the near term, especially as an indicator of inflationary pressures and labor market strength.
The dollar's current movements are seen as more tactical due to the absence of a strong policy update, causing market momentum to fade in the short term.
In other developments, oil prices recorded a decline on Wednesday, while China denounced the United States as a bully following statements by President Donald Trump's administration claiming to have successfully persuaded Venezuela to shift its oil supplies from Beijing.
