All eyes are on the U.S. employment report in the non-agricultural sector later today, at 2:30 p.m. Egypt time Where the US dollar fell in yesterday's trading, and one reason for the decline was a drop in US Treasury yields, 10-year bond yields had peaked at 5.02% in the past week but now fell to 4.66% levels after yesterday hit a bottom near 4.63% levels and that was the main story in the markets this week.
The main news today is a jobs report where negative job data and average hourly wages will help the US dollar further negative and continue to decline this week.
Any improvement in jobs and average wages better than expectations will breathe the dollar and make some upward corrections.
