(30 Apr 2025, 12:00)

Currency Buzz: Dollar index holds above 99 mark as US labour market cues grab attention

The US dollar index is holding steady above 99 mark today, broadly holding onto the recent gains. The US currency is off its multi-year lows amid some progress in global trade talks. However, now the focus has shifted to the near-term data pointers from the US with labour market cues taking the centre stage. The US Labor Department released a report yesterday showing job openings decreased to 7.192 million in March from a downwardly revised 7.480 million in February. The Labor Department said hires rose to 5.411 million in March from 5.370 million in February, while total separations fell to 5.137 million in March from 5.316 million in February. The attention will now shift to the all-important non-farm payrolls data for April to be released on 2 May.

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Currency Buzz: Dollar index holds above 99 mark as US labour market cues grab attention