After edging higher in the Asian session, the U.S. dollar turned a bit easy Thursday morning, but climbed up against most of its major rivals later on in the day, lifted by strong economic data.
The greenback rose amid expectations that the Federal Reserve will start tapering its asset buying program sooner than later, and possibly hike interest rates next year.
The Labor Department's closely watched monthly employment report is due out on Friday. Economists currently expect the report to show employment jumped by 690,000 jobs in June after surging up by 559,000 jobs in May. The unemployment rate is expected to dip to 5.7% from 5.8%.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.