The U.S. dollar rose amid expectations of a rate cut this month, with jobless claims and private payrolls data pointing to labor market weakness. Investors await Friday’s non-farm payrolls report, with the dollar strengthening against the yen and franc but weakening against safe-haven currencies like the euro.

Federal Reserve officials continue to signal potential rate cuts, with traders pricing in a near-100% chance of a cut later this month. Yields on long-end notes have risen globally as concerns about major economies’ fiscal health grow. U.S. Treasury yields slipped, with the 2-year note falling 1.8 basis points.

In other currencies, the pound and Canadian dollar weakened against the greenback, while spot gold prices fell from a record high. The market remains cautious ahead of the Fed’s meeting on September 16 and 17, with uncertainty surrounding the labor market and potential rate cuts driving investor sentiment.

Read more at Yahoo Finance: Dollar edges higher with investors focused on labor market data