The dollar in the world falls back awaiting the employment report in the US

The index of the dollar, which tracks the currency’s performance against a basket of six other currencies, is down slightly 0.1% to 103,544. Throughout weekaccumulates a decrease of approximately 0.4%

He American dollar showed some buying activity on Thursday after it was reported that personal spending on USA increased significantly more than expected in July.

However, the greenback is about to put end to his long winning streakdue to a series of weak economic data that have raised expectations that the Federal Reserve will keep interest rates unchanged in September.

Dollar: key report

In this context, trading activities are limited while key August non-farm payroll report awaited. Traders are waiting for the latest indications on the future direction of the Federal Reserve’s monetary policy in the near term.

Analysts anticipate that the US economy will have created 170,000 jobs in the last monthcompared to 187,000 the previous month, while the unemployment rate is expected to hold at 3.5%.

Any sign of strength in the labor market would give the Federal Reserve a bigger push and margin to continue raising interest rates.

The euro falls ahead of the release of the euro zone manufacturing PMI

The fatherr EUR/USD registers a slight increase of 0.1%reaching the 1.0848 level, with moderate gains after a 0.7% drop in the previous day, in response to data indicating that the core inflation index in the eurozone decreased in August.

Despite initial expectations of a rebound in inflation due to higher than expected figures in the main economies of the region, such as Germany, France and SpainUltimately this did not materialize.

There is considerable uncertainty surrounding the next meeting of the European Central Bankas inflation remains above target, but Council member Isabel Schnabel has acknowledged that growth in the eurozone is weaker than expected a few months ago.

The final reading of the eurozone manufacturing PMI It will be announced this Friday.and a slight improvement is expected from the August figure, after the previous figure indicates that activity in the sector it was slowing at the fastest rate since the start of the pandemic.

The yuan falls despite China’s efforts

The USD/CNY pair is up 0.1%, reaching 7.2622, and receives limited support from a private survey showing that ehe manufacturing sector in China grew unexpectedly in Augustas well as the cut made by the People’s Bank of China in the foreign exchange reserve ratio that local banks must maintain.

Despite these support measures, the overall outlook for the world’s second largest economy, and therefore for the yuanremain grim as the post-crisis economic recovery continues to slow.