US Unemployment expected to remain at 4.0%, potential risks to US Dollar Index.

From Investing.com: 2024-07-04 06:32:00

The upcoming NFP report on July 5th is expected to show a decrease to 190,000 employed in June, with an unchanged unemployment rate of 4.0%. The US Dollar Index rose to 105.85 points, with potential risks of dropping to 101.9 points if support at 104 is breached, or rising above 106.5 to favor buyers. Unemployment hit 4.0% in May, predicted to remain the same in June. Increasing job openings may address unemployment and inflation, but may not meet population expectations, signaling a cooling labor market, according to financial analyst Kar Yong Ang.



Read more at Investing.com: US Unemployment has been on a Rise. What to Expect Next?