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US Dollar Index edges higher around three-month top ahead of NFP


7/2/2021 2:31:30 AM GMT
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By Anil Panchal
DXY prints mild gains, up for the fifth day to poke April’s high.
US Treasury yields wobble around weekly bottom following mixed data, hawkish Fedspeak, IMF comments.
NFP expected to keep rate hike jitters on the table, likely offering further strength to greenback.
US dollar index (DXY) remains on the front foot around 92.58 during the early Friday. The greenback gauge versus the six major currencies refreshed multi-day high the previous day amid increasing chatters over Fed’s action and mostly positive US data.
US ISM Manufacturing PMI came in a touch softer than 61.00 expected and 61.2 previous readouts to 60.6 in June. This also joins the details relating to the employment component that dropped to 49.9 but the prices-paid sub-component jumped to the highest since 1979. On the contrary, Initial claims for last week fell to 364K, dragging down the four-week averag ....

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