Amid the Middle East situation and the eve of non-farm employment data, the US dollar index slightly declined to 99.352



On June 5th, on the eve of the release of the US May non-farm employment data, and against the backdrop of escalating geopolitical uncertainties in the Middle East, the dollar edged lower.

By the close of US stocks this morning, the dollar index (DXY) slightly fell by 0.06% to 99.352, but remains close to the nearly two-month high of 99.552 set on Wednesday.

German commercial bank analyst Michael Pfister pointed out in a report that after months of weak employment growth, the US labor market seems to be stabilizing.

He expects May non-farm employment to increase by 100k, possibly exceeding market expectations. Pfister emphasized that for the dollar, the key is how much these data can boost market expectations for further rate hikes.

Meanwhile, new variables have emerged in geopolitical developments. US President Trump stated that the US does not need an agreement with Iran to obtain the country's enriched uranium.

Additionally, Hezbollah rejected a ceasefire agreement supported by the US between Israel and Lebanon. These factors collectively heighten market uncertainty, exerting downward pressure on the dollar.

#非农就业数据 #DXY
USIDX0.62%
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